Trasta komercbanka represents Latvia in "Factors Chain International"

22.10.2004

 

On October 15, this year "Trasta komercbanka" was admitted as a member to the international factoring organization "Factors Chain International", thus becoming the first representative from Latvia in the world’ s most prestigious factoring organizations. 

The association "Factors Chain International" is the global network of the high-level factoring organizations and banks, which aims to develop international trade business via services provided by factoring and financial facilities of factoring. FCI was established in 1968 and today it comprises 180 participants from 54 countries, whose part in the world’s factoring turnover is 64% (760,392 million EUR) 

From now on Trasta komercbanka will gain a considerable advantage from the membership in this association, making use of the first-rate factoring network and international cooperation and protecting exporters and importers as well as trade business from different risks. The availability of FCI data basis about the companies, which act as the member states of the association, their solvency and reputation of economic activity will contribute to the development of sound international business relations of our customers, increase of the volume of transactions and minimization of risks. Through FCI as an intermediary Trasta kometcbanka will offer export factoring services without regress, i.e. Latvia’s entrepreneurs will not assume the responsibility for their trade partners’ liabilities, safe business will be guaranteed by Trasta komercbanka’s membership in the association "Factor Chain International".

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