OREANDA-NEWS. May 30, 2012. Study “Russian Factoring market in 2011: upswing so far” was prepared by Expert RA. Record volumes of Factoring market (880 bln rubles) in 2011 were secured by client reorientation from bank crediting to Factoring.

“Worsened economic liquidity makes banks more conservative in giving new and prolonging old loans, comments Stanislav Volkov, head of Expert RA credit institution department. Banks presently are interested in Factoring as an instrument of short-term placement to control interest risks and diversify credit risks. On the other hand, tough price competition at the factoring market makes its cost comparable to cost of credits. Clients choose factoring which declares at least one service component”.