Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Tuesday, October 17, 2017

Rosbank announces factoring total turnover for nine months of 2013

For the first nine months of 2013, the total Rosbank factoring turnover amounted to $2.4 billion directed toward internal non-resource factoring operations and $60 million to the internal resource factoring deals.

There was $2.34 billion in volume of company financing for the same nine month period.

The factoring portfolio of the company reached $250 million on Oct. 1. Results were lower for 2012, coming in at $70 million.

Headquartered in Moscow, Rosbank is a Russian universal bank with the ninth-greatest amount of assets among Russian banks. Its majority shareholder is the international financial group Societe Generale. The bank is registered as an open joint-stock company.

VTB and Interros also hold significant minority stakes in Rosbank.