Factoring

Nordea Bank offers factoring — and a suite of complementary services — to producers of goods and services:

1. Short-term financing of product and service deliver under deferred payment
2. Risk insurance
3. Working with receivables
4. Information and analytical service
5. Consulting.

Upon request, you can select only preferred services or take advantage of the full list of offered services.

Factoring at Nordea Bank is a customised product, with services and conditions developed specially for your company.

Terms and conditions for factoring at Nordea Bank:

• Up to 90 per cent of the delivery sum during turnover of receivables
• Review of financing limits upon growth of business
• No limitations on the quantity of purchasers (customers)
• Work with regional customers
• Initial price offer and factoring application response within three working days (after presentation of necessary documentation).

The bank withholds the following fees from the customer for factoring services:

• Financing fees
• Factoring service fees
• Document processing fees.

All factoring fees are subject to VAT.

Currently, bank factoring services are offered to customers with suitable credit history.

Contacts: Factoring Division