Factoring company “Financial and Factoring Bureau” (FC “FFB”) belongs to the Olimp Group and specializes in factoring services. Banking and financial institutions of Ukraine, legal entities and individuals are the major customers hereof.

FC “FFB” in coordination with a bank purchases bad debts and thereby resolves the issue of liquidity and formation of reserves. After overdue debt has been purchased as agreed with a bank, FC “FFB” may proceed to recovering an overdue debt from a debtor or selling collateral upon prior negotiation of sale terms with a bank and a debtor.

FC “FFB” is ready to assist in raising funds for redemption of a loan that will help a borrower keep property in possession. Terms: stable business, financing and ability to repay funds from revenues. Focusing on the result, we receive commission after funds have been raised without requiring prepayment.

Benefits for a bank:

1. It is more economically advantageous to sell collateral today, than to engage in legal procedures for its collection and subsequent sale.

2. The majority of potential buyers refuse to buy collateral if it is subjected to a forced sale (as opposed to a voluntary sale of property by a Borrower).

3. Availability of an effective tool to persuading a Borrower to sell collateral voluntarily.

4. Minimization of artificial non-payment risk that may occur due to spread of information about partial remission of loan.

5. Uniqueness of tax legislation whichincludes discount in total costs in loan sale.

6. Possibility of selling a deferred loan for reduction of reservation until receiving money from the sale of collateral.

7. Possibility of increasing a loan portfolio by providing loans to buyers of collaterals.