About Eurobank factors
Eurobank Factors: Providing Comprehensive Factoring and Forfaiting Services Since 1999
Eurobank Factors is a subsidiary of Eurobank, founded in Athens in 1999. The company has been providing comprehensive factoring and forfaiting services to the local market since its inception. With a strong focus on customer satisfaction, Eurobank Factors has established itself as one of the leading factoring companies in Greece.
What is Factoring?
Factoring is a financial service that allows businesses to sell their accounts receivable (invoices) to a third party (the factor) at a discount. This provides immediate cash flow for the business, which can be used for working capital or other expenses. The factor then collects payment from the customers on behalf of the business.
What is Forfaiting?
Forfaiting is similar to factoring but involves longer-term financing and larger transactions. In this case, the exporter sells their receivables (usually from international trade) at a discount to a forfaiter who assumes all credit risks associated with these receivables.
Services Offered by Eurobank Factors
Eurobank Factors offers an extensive range of factoring and forfaiting services tailored to meet the specific needs of each client. These include:
1. Domestic Factoring: This service allows businesses operating within Greece to sell their invoices at discounted rates while receiving immediate cash flow.
2. International Factoring: This service enables businesses engaged in international trade to sell their invoices at discounted rates while receiving immediate cash flow without having to worry about credit risks associated with foreign buyers.
3. Reverse Factoring: This service helps suppliers receive early payments from buyers by selling their invoices at discounted rates through Eurobank Factors.
4. Forfaiting: Eurobank Factors provides long-term financing solutions through its forfaiting services that enable exporters engaged in international trade transactions to receive upfront payments against future export receivables without any credit risk exposure.
5. Invoice Discounting: This service allows businesses to receive immediate cash flow by selling their invoices at discounted rates without transferring the credit risk to Eurobank Factors.
Why Choose Eurobank Factors?
1. Experience: With over two decades of experience in the factoring and forfaiting industry, Eurobank Factors has established itself as a reliable and trustworthy partner for businesses seeking financial solutions.
2. Customer Service: Eurobank Factors places a strong emphasis on customer satisfaction, providing personalized services that meet the specific needs of each client.
3. Competitive Rates: The company offers competitive rates for its factoring and forfaiting services, ensuring that clients receive maximum value for their receivables.
4. Strong Financial Backing: As a subsidiary of Eurobank, one of Greece's largest banks, Eurobank Factors has access to strong financial backing that enables it to provide flexible financing solutions to its clients.
5. International Reach: With an extensive network of partners across Europe and beyond, Eurobank Factors can provide cross-border factoring and forfaiting services that enable businesses to expand their operations globally.
Conclusion
Eurobank Factors is a leading provider of factoring and forfaiting services in Greece with over two decades of experience in the industry. The company offers comprehensive financial solutions tailored to meet the specific needs of each client while placing a strong emphasis on customer satisfaction. With competitive rates, strong financial backing from its parent company (Eurobank), and an extensive international network, Eurobank Factors is well-positioned to help businesses achieve their growth objectives both domestically and internationally.