EBRD agrees factoring facility to Greece's NBG Factors

The European Bank for Reconstruction and Development has agreed a €10 million factoring facility to Greece's NBG Factors under its Trade Facilitation Programme.

The new facility will enable NBG Factors - the factoring subsidiary of the National Bank of Greece - to further expand its portfolio to small and medium-sized enterprises and corporate local clients by providing funding for domestic and international factoring transactions, and by guaranteeing payment obligations in import trade.