The State Bank for Foreign Economic Affairs of Turkmenistan

Partnership for development!

Factoring - a new type of funding for providers experiencing temporary financial difficulties as a result of delays in repayment of debt buyers and the limited sources available to them credit.

How it works:

  • The supplier delivers the goods (services) to the Buyer in accordance with the supply agreement
  • Supplier forward to the Bank all documents proving that the delivery of goods
  • Bank pays up to 80% of the debt buyer on account of the Supplier, with a maximum term of up to 6 months at 15% per annum
  • After buyers payment for the goods, the Bank retains the amount paid plus interest and fees from the account of the supplier

Advantages of factoring:

  • Supplier receives money without waiting for payment from the buyer
  • There is no shortage of working capital
  • Sales growth by providing favorable conditions for cooperation buyers (deferred payment)

Factoring allows you to concentrate on sales and gain a significant competitive advantage!

Contact Information



Division:
Credit Department
Cabinet:
202a, 218, 209
Phone:
+993(12)40-61-44
+993(12)40-61-01
+993(12)40-61-55