NBG Factoring România

About us

NBG Factoring Romania IFN S.A. is a dedicated organization that targets the business needs for factoring in Romania.

NBG Factoring Romania targets businesses active in every sector of the economy that their goal is to develop and prosper and be financially healthy. The history, loyalty and leading position of the NBG Group in the whole region strengthens NBG Factoring Romania's position and enables it to become a major partner and advisor for every selected firm. Besides Romania, NBG Group factoring network counts members in Greece, Bulgaria and Turkey.

Mission

NBG Factoring Romania's mission is to sustain its customers in the growth and consolidation of their business and to offer a unique and advantageous package of factoring services. Prudence and equilibrium will be at the very core of all NBG Factoring Romania's undertakings to build a healthy and profitable business. NBG Factoring România aims to be a well-organized, efficient and customer-oriented institution.

About factoring

Domestic Recourse Factoring involves management and finance of healthy receivables generated between Romanian companies, having as advantages the fast improvement of a company's cash-flow, all-inclusive administration of invoices, dedicated relationship management, efficient process for collection of receivables, reduced bad debt, customized management reports and financing with no collaterals required.

Benefits

Discounting immediately the larger portion of the value of clients' receivables,
Managing assigned receivables, reducing operating costs, close monitoring and reporting,
Assessing clients' credit ratings, thereby reducing risk of bad debt,
Improvement of balance sheet indicators.

What is the cost of factoring?

Administration Fee: charged on the total value of each invoice and meets the administrative, collection and risk rating/cover costs of the services provided.

Interest Fee: calculated on the overdraft account balance, on a daily basis and corresponds to the discounting rate charged on the outstanding balance, at any time, of the cash advances (discounted receivables).