Factoring represents a specialized package of financial services that may include some or all of the following:

• Sales Ledger Administration for the selected clientele.
• Collection of Accounts Receivables.
• Financing – Advance Payments on Accounts Receivables.
• Credit Risk Coverage.

PROBANK Factoring offers to clients the possibility of working capital expansion through advance payments financing , economy of sources and continuous evaluation of buyers creditworthness.

PROBANK Factoring offers:

Domestic Factoring:

• Factoring With Recourse
• Factoring Without  Recourse
• Collection Only

 International Factoring:

• Export Factoring With Recourse
• Export Factoring Without  Recourse
• Import Factoring

 The Bank placed particular emphasis on meeting the working capital needs of its customers, primarily by offering factoring with recourse. Overall the Factoring Department managed debt of around € 18 million and also issued loans of € 12.4 million.
The demand for factoring services is constantly on the rise and it is expected that the Factoring Department will extend its operations to cover exporters by becoming involved in international factoring.

* From June 2012, PROBANK S.A. is a member of the global network of leading factoring companies, "Factors Chain International".