Non-recourse factoring accounted for 89% of the total operations.
“We focused on portfolio diversification, which led to the increase of the number of SME clients, on the development of new products, as well as on increasing operational efficiency. Reverse factoring or Supply Chain Finance operations also represented a priority axis of development. The bank implemented 15 programs which include over 250 clients,” said Anca Dogaru, deputy manager of BRD Global Transaction Banking department.
BRD factoring operations are part of the international business line created within Société Générale group.
BRD factoring activity is part of Global Transaction Banking department, which includes 4 business lines: Payments and Cash Management, Factoring, Trade Finance (Services) and Correspondent Banks, integrated, in their turn, in the international business lines of Société Générale.