More information about Factoring Financing Product is here

Direction of financing

• textile industry;

• agricultural products;

• processing of agricultural products produced in the Kyrgyz Republic, 

• including food production;

• production of leather goods and related products;

• other products produced in the Kyrgyz Republic, with the exception of mining.

Financing terms

• the amount of financing cannot exceed the average amount of deliveries in favor of the buyer over the last 3 months. For clients working with the Bank for 1 year or more, individual conditions are possible by decision of the authorized Credit Committee;

• The bank can finance no more than 70% of the supply volume at one time.

Additional requirements

It is prohibited to finance overdue contracts and/or contracts under which delivery has already been made.

Types of factoring

1. Factoring with recourse – the Bank finances the seller under the assignment of accounts receivable; in the event of non-payment of invoices by the buyer, the demand for repayment of the factoring debt is presented to the seller;

2. Non-recourse factoring – the Bank finances the seller, the risk of non-payment is assumed by the Bank;

3. Agency factoring – the Bank finances the buyer for the period of payment deferment to the seller.

Funding currency

Kyrgyz som, US dollars

Maximum financing amount

Unlimited

Financing term/tranche

Up to 12 months