18 September 2006, Bank Natsionalnaya Faktoringovaya Kompaniya (alimited liability company) signed a loan agreement with Raiffeisenbankto receive a RUR200 million facility with 364-day maturity.
This will be the second time Bank NFK (LLC) borrows from ZAORaiffeisenbank Austria. The bank needs leverage to finance its boomingfactoring operations. The new loan will be used to finance the bank’s factoring programmes.
The lending deal with Raiffeisenbank highlights excellentcreditworthiness and sustainable position of the bank in the Russianbanking and factoring segment, and ensures resources to enhance thecompany’s market position, said Mikhail Treyvish, Chairman of Bank NFK (LLC).
“We are witnessing an upsurge in factoring offers in the current market, and crediting of a major specialist in the area is yet another proof of the boom,” commented Johann Jonach, Chairman of the Management Board at Raiffeisenbank.
Bank Natsionalnaya Faktoringovaya Kompaniya (a limited liabilitycompany) is a market leading factoring specialist (with 30% of themarket). NFK is the only provider of universal factoring services. Thecompany’s mainstream business is fully automated factoring services with or without recourse extended to Russia-based companies. Also, NFK offers factoring services to foreign companies, including import factoring on behalf of foreign companies, and outsources factoring services toRussian companies.
ZAO Raiffeisenbank Austria ranks eighth amongst Russia’s biggest banks by assets as of Q2 2006 (source: Interfax-CEA). The Bank operates 19 offices in Moscow, 5 offices in Saint-Petersburg, regional branches located in Yekaterinburg, Samara, Novosibirsk, Krasnoyarsk, Chelyabinsk, Nizhniy Novgorod, and Krasnodar. The bank ranks ninth by corporate loan portfolio according to 2Q 2006 results (source: Interfax-CEA).
ZAO Raiffeisenbank Austria is subsidiary of Raiffeisen InternationalBank-Holding AG, which operates one of the leading banking networks inthe EU, with subsidiary banks and leasing companies in 16 markets acrossCEE. Ten million customers are serviced through over 2,700 businessoutlets. Raiffeisen International is a fully consolidated subsidiary ofRaiffeisen Zentralbank Oesterreich AG (RZB), which owns 70 percent ofthe share capital. The remaining 30 percent of the shares are traded onthe Vienna Stock Exchange. Core of the biggest Austria-based bankinggroup Raiffeisen, RZB is a leading corporate and investment bank inAustria.