NFC History

2009

• NFC celebrated its ten-year anniversary – created on 29th January 1999, the Factoring department of NIKoil IBG Bank, which consisted at that time of 6 people, has grown to the size of an independent factoring company employing over 400 people in 21 representative offices;
• NFC timely fulfilled its obligations towards creditors, including successful offer on 2nd ruble bond issues totaling 1,967,992 987.50 rubles;
• Launch of "Supplier Finance" - a special factoring product for large buyers.

2008

• Coface, a subsidiary of Natixis, the French banking group, is extending its factoring network by joining forces with National Factoring Company. The agreement involves the servicing by NFC of Coface’s factoring clients in Russia and conversely the servicing by Coface of NFC’s clients outside Russia. Coface will also provide additional funding to NFC in order to sustain the its rapid development.
• Launch of Purchase Order Finance - National Factoring Company became the first company in Russia to bring such a solution to the market.
• Mikhail Treyvish, Chairman of the Board of Directors of NFC is elected Chairman of International Factors Group, the leading international association of factoring companies.
• Roman Ogonkov, Deputy Chairman of NFC Management Board, is rewarded by the business magazine “Kompanya” as the manager of the year in the nomination «Best manager in factoring».

2007

• Launch of Factoring-Garant (domestic non-recourse factoring).
• PricewaterhouseCoopers conducted a special audit of NFC’s risk management system, which was lately caracterised as conformant to international best practice.
• In association with OFC «Uralsib-Factoring», NFC launched a new product, «Factoring-Express», focused on the needs of SMEs.

2006

• NFC diversifies its funding structure, successfully placing bonds and CLNs on the money market.

2005

• Implementation of Electronic Factoring, an electronic document interchange system, which allowed the clients to reduce the time between the invoice date and financing, as well as to reduce document delivery costs.

2004

• NFC was admitted to Factors Chain International (FCI), the world’s largest factoring association.

2003

• The factoring business of NIKoil IBG Bank was transferred to the newly created National Factoring Company Uralsib-NIKoil (LLC) - the first specialized factoring company on the market.

2002

• Operational Factoring Company NIKoil (OFC NIKoil), the first Russian network factoring company, was registered. The first six branches started operations.
• The booming growth of business resulted in the Factoring Department being transformed into an independent Business Unit.

2001

• Launch of Import Factoring services.
• E-Factoring, an on-line factoring service system which allows the client to access to all the necessary analytical information, was put into operation.

2000

• The first version of NIK Factor, a home-built factoring software, was put into operation.

1999

• Creation of the Factoring Department of NIKoil IBG Bank on the 29th January 1999.The first professional factoring website, www.factoring.ru, was launched in Russia.
• The first factoring agreements were signed.
• NIKoil IBG Bank joined the oldest international factoring association International Factors Group.