MTS Bank's factoring portfolio increased by 30% in 2020

AK&M 11 March 2021 18:16

MTS Bank's factoring portfolio for 2020 increased by 30% year-on-year to RUB 8.8 billion, the bank informed.

In 2020, the bank made the international currency-denominated factoring services in deals with counterparties in the CIS countries and factoring with a currency clause in contracts available to its clients.

PJSC MTS Bank (previously called Moscow Bank for Reconstruction and Development, tax number: 7702045051) is a universal commercial bank operating in the Russian banking services market since 1993. Its major shareholder are Sistema Public Joint-stock Financial Corporation and CJSC Mobile TeleSystems B.V., a subsidiary of PJSC Mobile TeleSystems PJSC (MTS).