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Factoring and forfaiting

Ensure liquidity for your business and limit credit risk with factoring, backed by ABC Factors.
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For domestic and international operations

Extra liquidity
Make the most of your receivables and get immediate financing from ABC Factors.
Protection against credit risk
Reduce insolvency risk in sales on credit with factoring on a non-recourse basis.
Time-saving
Save time, as your accountants do not need to deal with managing the accounts of your customers.

Find out how factoring and forfaiting work

Have a look at all the types and find out how they work.

With or without insolvency risk coverage

You assign the invoices for collection to ABC Factors and they undertake to manage and collect your receivables, based on your credit policy. Once they assess your customers and the receivables, they pay the invoice amount to your business. This way you boost your liquidity.

If your customers fail to pay their invoices, you:

  • Repay ABC Factors for the financing you received, if you choose factoring on a recourse basis.
  • Are covered against the financial damage by ABC Factors, provided the default is due to insolvency reasons, if you choose factoring on a non-recourse basis.

Strong relationships with suppliers abroad

With import factoring, your suppliers abroad ensure the collection of their receivables from the goods and/or services you buy.

This way, with the guarantee of ABC Factors you:

  • Forge relationships of trust with your suppliers.
  • Secure more favourable credit terms.

Security and cash flow for international transactions

If you export products, export factoring makes your day-to-day business easier, as it offers:

  • Liquidity boost with advance payment for export receivables.
  • 100% coverage of insolvency risk, in case your customers fail to pay their invoices.
  • Flexibility in managing collections according to your transaction habits and the legislation in each country.
  • Legal support if you need to claim assigned receivables.

Up to 100% advance payment

With forfaiting you receive up to 100% of your receivables from customers abroad as an advance, minus fees, for:  

  1. Transactions that have a medium- or long-term credit period.
  2. Payments made with letters of credit, guaranteed bills of exchange or promissory notes.

Non-recourse facility

You’re completely free of credit risk in case of customer insolvency. And you’re protected against interest rate and foreign currency risks.

Liquidity for the entire supply chain

With reverse factoring, ABC Factors pays your suppliers immediately. This way you secure a longer credit period.

Looking for a simpler solution?

Find out how else you can benefit from factoring.

Advance on invoices

You only benefit from the simple advance payment of your invoices and keep the management of your trade receivables.

In this case, your business must meet special terms and conditions, and have an organised system to monitor and collect receivables.

Management and collection

If you don’t need cash flow for your business, you may gain access only to management, accounting supervision and receivables collection services.

This way you simplify your business operations and focus on your growth goals.

How it makes banking easier

Discover how factoring and forfaiting support the expansion of your business operations.

What you need for factoring or forfaiting

Have a look at the conditions for securing working capital through factoring or forfaiting.

Apply provided you...

  • Sell on credit.
  • Have a stable client base with satisfactory distribution.
  • Are showing a stable or even upward trend.
  • Are the legal representative of the business.
  • Hold a business sight account with Alpha Bank.
  • Have booked an appointment at a branch near you.

Have at hand...

The supporting documents you’ll need to start banking with us or to update your details, if you:
 

Backed by ABC Factors

With over 30 years of presence in the market, ABC Factors holds a leading position in Greek factoring and continues to demonstrate strong, sustained growth. 

It offers domestic and international factoring and forfaiting services in both the primary and the secondary market. The company also operates in the markets of Bulgaria, Romania and Cyprus. This way it systematically supports entrepreneurship and financial growth.

Find out more about ABC Factors

New to Alpha Bank?

Find out how to start banking with us based on the legal form of your business.

For freelancers

Open a business account and get business digital banking credentials, provided you already have personal ones.
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For registered companies with 1 representative

Open a business account and get business digital banking credentials, provided you already have personal ones.
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For businesses with 2+ legal representatives

Schedule an appointment at a branch to start banking with us and sign up to business digital banking.
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For freelancers or companies with 1 representative

Get business credentials, provided you already have personal ones or hold an active Alpha Bank card.

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If you haven’t already signed up

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Any questions?

Find the answers you need about factoring.

What documents do I need to apply for working capital?

The documents verifying the details of your business.

We may ask for additional supporting documents, depending on the collateral you offer.

What is the interest rate for factoring?

You pay:

  • Management fee – Covers the accounting supervision and collection of receivables, based on the assigned invoices.
  • Factoring fee – The interest rate that is applied to the advance payment amount. The factoring fee is exempt from the Law 128/1975 levy, currently 0.60%.

Does factoring change how I issue my invoices?

No, you issue your invoices same as before. The only difference is that the invoices have to state the receivables have been assigned and reference the factoring company details (factor).
View all the FAQs

Make the most of factoring and forfaiting

Book an appointment today to visit a branch near you and boost the liquidity of your business.
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