Eurobank Factors was founded in 1999 in Athens as a 100% subsidiary of Eurobank. Eurobank Factors holds a leading position in ... the factoring market in Greece. It has also been recognized globally for the quality of its import and export factoring services being a twice world laureate of FCI awards for service excellence, a major distinction for the factoring industry and a remarkable achievement given the strong international competition. The company offers recourse or/and non-recourse factoring services, import or/and export factoring, collection only services and also devises custom made solutions for clients and structured commercial finance facilities. Pursuant to a factoring agreement between the Factor and the Seller, it provides some or all of the following services, depending on the subject of the agreement: - Accounts Receivable administration - Collection - Working capital financing - Credit risk coverage Factoring can be used by enterprises that produce or trade with consumers semi-durable goods or services, Business to Business transactions, on a repeated basis, such as: •Companies that sell or plan to sell on open account terms. •Large corporations or SME’s, which desire flexible and immediate funding, combined with the management of sales ledgers and the collection of trade receivables by a highly specialized service provider. •Corporations that plan to sell their trade receivables with an aim to accelerate their cash flow and improve their financial structure. Why Eurobank Factors Eurobank Factors aims to be a Factoring company of first choice due to: - Its client-oriented approach aiming to cater to the needs of each client individually - Its knowledge of the markets and service expertise. - Its sophisticated Factoring software and electronic management of receivables. - Its consistent commitment to improving the quality of the services provided. - The credibility and strong financial standing of our banking group. read more