Factoring is a transaction for the transfer of receivables from commercial invoices arising from the delivery of goods or the provision of services under deferred payment terms on both the domestic and the international market.

By using Fibank Factoring Services as a provider you will receive:

• Increased funding - funding increases in parallel with increased sales;
• Investments and development - a source of working capital to finance corporate development. Funds are made available in your current account and can be used for any business needs;
• Security - the collection of commercial receivables is done by First Investment Bank AD. Minimisation of loss from bad debts;
• Fast - quicker approval process and greater flexibility than the classic working capital;
• Efficiency - improving the management of commercial receivables.
• Survey of local and foreign buyers by financial professionals in the field of company analysis and evaluation.

Factoring is a package of one or more of the following financial services:

• Turnover financing of the supplier on the basis of transferred trade receivables with deferred payment;
• Administration and collection of transferred receivables under commercial invoices;
• Absorption of loan risk on non-payment and insolvency by the buyer.

What benefits do you get if you are a factoring buyer:

• Ability to negotiate better business conditions.
• Increase purchase volumes by deferred payment.
• It is not necessary to use other banking products as a form of payment.

Factoring has a number of advantages over working capital loans:

• Factoring is based on the quality of the supplier's receivables.
• The amount of funding follows the trade volumes realized between the supplier and the buyer.
• Assets are not blocked as collateral.

Fibank is a member of Factors Chain International (FCI), a global network of leading factoring companies with more than 400 factoring companies in 90 countries providing international factoring services.