Businesses factor record-breaking RUB 1.2 tn at Sber
Alexander Belokopytov, vice president for B2B development, Sberbank:
In the fast-growing segment of online commerce, marketplaces use agency factoring to reduce labor costs and accelerate payments to their sellers. SberFactoring's share in the factoring portfolio of the largest online players grew to 50% in nine months. Every day, up to 40,000 payments are made to merchants on behalf of marketplaces.
Classical and agency-driven factoring products are still the most sought-after in capital-intensive industries, such as oil and gas, metals, transportation and logistics, facilitating effective management of receivables and payables.
«In the commodity financing segment, we closed deals with dealers of agricultural and construction equipment in 2023, which helped the companies to convert equipment stocks into working capital and lay the groundwork for fleet expansion.
To help increase the supply of motor vehicles and special equipment to Russia, Sber has modernized its Factoring with Automakers, a product to ensure the continuity of the entire chain, from production to distribution. Since the beginning of the year, SberFactoring has factored 5,500 Russian trucks for a value of RUB 17 bn and signed partnership agreements with major Chinese automakers.
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