RSHB Factoring has grown its portfolio to more than RUB 30 billion over two years.
Launched in September 2019, in 2020 RSHB Factoring made its way into Russia’s Top 10 factoring companies with a total portfolio of RUB 18.4 billion. After a second year of operation, RSHB Factoring saw its portfolio rocket by more than 60 per cent to RUB 30.058 billion, as the company maintained its place in the industry’s Top 10 and broke through into Russia’s Top 7 factoring companies by revenue as at 1 July 2021. The company’s success is due to its close relationship with RusAg and an efficient development strategy that targets an expansion of its product line and sales channels and lending to the companies that ensure the smooth operation of agribusinesses, agricultural producers and distributors (in addition to the companies in RusAg’s focus). As a result, RSHB Factoring is also working today with the energy, metallurgy and engineering sectors.
‘With the experience of these two years, I can proudly say that no other company has been as dynamic as we were in establishing ourselves on the factoring market. Moving fast entails a huge responsibility, and we are ready to take it. We will continue building up our multi-sector portfolio and developing our sales channels to ensure that our products are available up and down the country,’ said Mikhail Yatsenko, RSHB Factoring’s General Director.
OOO RSHB Factoring was established in September 2019 as a group company of the Russian Agricultural Bank, a leader of the national banking system and one of the largest state banks in Russia. RSHB Factoring’s authorized capital is RUB 100 million. On the strength of its 2020 performance, it entered the Top 10 Russian factoring companies with a portfolio of RUB 18.4 billion, which boosted by more than 60 per cent in Q3 2021 as RSHB Factoring continued to deliver on its long-term strategy of becoming a market leader.