Financing of large appliances for the trading network

Gorenje was able to offset the exchange rate risk during the deferral period
Goal
To ensure the working capital funding and to reduce Gorenje’s business risks in Russia
Solution
Incorporation of the non-recourse factoring into the relationship with the top consumers
Result
The application of the non-recourse factoring allowed to offset the foreign exchange risks connected with the fluctuations of the Russian rubles to European currency rates
Financing of the electricity supply
Receiving of payment immediately after the signing of the certificate of services rendered
Financing of the UAZ dealer network
Solving of the problem of the working capital attraction by the official dealers
Financing of the bearing supplies for railcars
Replenishment of the working capital, accompanied by reduction of the business risks
Financing of the Pirelli's tires supply
Removing of credit risks and improving of financial statements