PERVOURALSKBANK IN TOP-5 RUSSIAN FACTORSThis year, “Pervouralskbank”, which is part of the “Informauditservice” banking and consulting group, took part in the RAEX rating agency research of the Russian factoring market for the first time in its history. The research was based on the 2016 results. Information was submitted by 21 banks and factoring companies which fund factoring transactions themselves from their own or borrowed funds.
“Pervouralsbank” - even though it is a newcomer - has entered the TOP-20 major Russia’s factors based on the volume of accounts receivable assigned to them based on the 2016 results.
The bank is No. 17 among such factoring market majors as “VTB Factoring”, “Sberbank Factoring”, “Alfa-Bank”, “Promsvyazbank”, “Bank Otkritie Financial Corporation”,
“Credit Bank of Moscow”, etc.
Moreover, “Pervouralskbank” is in TOP-5 Russian factors based on the volume of receivables actually assigned by SME clients and is No. 3 in the portfolio turnover in 2016.
No. 9 – number of current clients;
No. 13 – volume of factoring premium received by the factor;
No. 14 – volume of non-recourse factoring;
No. 17 – volume of financing provided;
No. 19 – portfolio volume as at 1 January 2017.
The bank was registered in 1990 and has been providing its services to legal entities and individuals over 25 years. Currently, “Pervouralsbank, JSC” possesses the General license for the right to perform banking activities and transactions in the RF and outside of the RF, the extended exchange permit, the license of the participant of the securities market, is member of the compulsory deposit insurance system.
The “Bank-Client” remote workflow system is being used in the bank. Bank of Russia has assessed the ownership structure of “Pervouralskbank” as “transparent”, and the RAEX agency ranked the bank solvency level of “Pervouralskbank” as “B++” with the “positive” rating outlook in 2016. The bank capital increased by 18% within 10 months of 2016.
Main banking products of “Pervouralskbank” include: deposits, cash banking, bank guarantee, activities with currency and external economic activities, credit financing, online banking, settlement services, factoring, Escrow accounts and letters of credit.
For more information about “Pervouralskbank”, please visit its web-site.
RAEX rankings can be found here.