{"id":783320,"date":"2024-02-20T15:21:40","date_gmt":"2024-02-20T13:21:40","guid":{"rendered":""},"modified":"2024-02-20T15:23:32","modified_gmt":"2024-02-20T13:23:32","slug":"faktoryng-ye-efektyvnym-instrumentom-dlya-finansuvannya-msb-l-zaika","status":"publish","type":"post","link":"https:\/\/new.eba.com.ua\/en\/faktoryng-ye-efektyvnym-instrumentom-dlya-finansuvannya-msb-l-zaika\/","title":{"rendered":"Factoring is an effective tool for SMEs financing – L. Zaika"},"content":{"rendered":"

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Factoring financing is an effective and convenient tool that gives small and medium-sized businesses opportunities for development, this was emphasized by the head of the OTP Bank factoring financing department Lina Zaika during the business conference organized by the European Business Association and the Independent Association of Ukraine\u2019s Banks.<\/span><\/p>\n<\/div>\n

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“Most often, factoring services are in demand among companies engaged in production and wholesale sales. Such enterprises constantly need replenishment of working capital and do not have enough collateral. Therefore, this type of bank financing will be interesting for such companies. Factoring is often used by importers, thereby reducing currency risks for themselves,”<\/em> said L. Zaika.<\/span><\/p>\n<\/div>\n

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Factoring financing for SMEs is a simple and affordable\u00a0<\/span>product<\/a><\/span>\u00a0that allows to receive working capital for the business immediately after the delivery of the goods, without waiting for the end of the deferred payment under the contract with the buyer.<\/span><\/p>\n<\/div>\n

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OTP Bank and the USAID Project “Financial Sector Reform” implement a joint\u00a0<\/span>program<\/a><\/span>\u00a0to support small and medium-sized enterprises through targeted financing at an interest rate of 7% per annum.<\/span><\/p>\n<\/div>\n

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In addition, the Bank was one of the first to join the “Affordable Factoring” program implemented by the Entrepreneurship Development Fund through partner banks. Financial support for Ukrainian manufacturers and sellers of Ukrainian-made goods under factoring contracts provides for interest rate compensation up to the level of 13% per annum.<\/span><\/p>\n<\/div>\n

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“The rates, reduced with the help of projects from USAID and the Entrepreneurship Development Fund, increase the demand for factoring. I hope that in Ukraine it will be possible to develop this product to the same level as in European countries,”<\/em> added L. Zaika.<\/span><\/p>\n<\/div>\n

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In the EU, factoring is a popular financial instrument. For example, the volume of the factoring financing market in Poland is 15% of GDP, in Hungary – 7%, in Slovakia and Romania – 3%, while in Ukraine – 0.1% of GDP (about EUR 100 million).<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Factoring financing is an effective and convenient tool that gives small and medium-sized businesses opportunities for development, this was emphasized by the head of the OTP Bank factoring financing department Lina Zaika during the business conference organized by the European Business Association and the Independent Association of Ukraine\u2019s Banks. “Most often, factoring services are in […]<\/p>\n","protected":false},"author":4489,"featured_media":534984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[15576,15575],"tags":[],"class_list":["post-783320","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-articles-en","category-news-and-articles-from-companies-en","company-16499"],"_links":{"self":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/783320","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/users\/4489"}],"replies":[{"embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/comments?post=783320"}],"version-history":[{"count":0,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/posts\/783320\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/media\/534984"}],"wp:attachment":[{"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/media?parent=783320"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/categories?post=783320"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.eba.com.ua\/en\/wp-json\/wp\/v2\/tags?post=783320"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}