VTB Factoring website nominated for “Golden Site” award

VTB Factoring’s official website has been nominated for a Golden Site award. The awards are organised by the Russian Association for Electronic Communications (RAEC) and the Ruward Project Group.

State Duma calls for using long-term factoring to improve energy efficiency
On 8 June 2016, State Duma held an expanded Energy Committee meeting to discuss long term factoring instruments to finance energy-saving measures. The meeting was attended by representatives of major energy businesses, federal authorities, industry experts, and financial institutions.
RUB 100 in factoring financing for Russian steel
Severstal and VTB Factoring provided RUB 100 bn factoring financing for Russian steel during the first five years of their agreement. This strategic partnership includes two key areas: the sale of receivables using factoring without recourse, and financing of accounts payable to Severstal’s suppliers.
VTB co-organises first open discussion on international factoring in Belarus
In January, VTB Bank and the Embassy of the Republic of Belarus hosted a meeting to discuss factoring arrangements in export transactions.
VTB Factoring’s portfolio tops RUB 100 billion
VTB Factoring’s performance in 2015 saw an unprecedented upswing in business in the Russian factoring market, with the size of its factoring portfolio reaching RUB 101 billion and turnover of assigned receivables increasing to RUB 441 billion by the end of 2015.