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Headquarters

Address

Sofia 1407, 55 Nikola Vaptzarov Blvd, EXPO 2000

SWIFT/BIC

RZBBBGSF


Branches and ATMs

Find the nearest office or ATM


Corporate Banking

Address

Sofia 1407, 55 Nikola Vaptzarov Blvd, EXPO 2000

Phone

(+359 2) 91 985 101

Fax

(+359 2) 91 985 140

 


Card and POS terminals assistance

24 hours bank cards and POS terminals assistance center

Phones

0700 10 000 (Vivacom)

17 21 (A1 and Telenor)

(+359 2) 962 41 02

Fax

(+359 2) 962 78 59

0700 10 000 calls for Vivacom subscribers are at the price of local call for people calling from all around the country - the difference between long-distance and local call is covered by Raiffesienbank. 17 21 calls for subscribers of mobile operators A1l and Telenor are at the price of internal call/within the same network – A1-A1 or Telenor-Telenor depending on customer individual plan.


Factoring

Viktor Spasov, Head of Factoring Department

Phone

(+ 359 2) 91 985 774

(+ 359) 886 999 569


Financial Institutions/ Sovereigns Department

Address

Sofia 1407, 55 Nikola Vaptzarov Blvd, EXPO 2000

Phone

(+359 2) 91 985 423

Fax

(+359 2) 943 45 57

 


Capital Market Sales Department

Nayden Chernev, Head of Department

Phone

(+359 2) 91 985 456

Sales of Capital Markets Products Section

Nikolay Kichukov, Senior Broker

Phone

(+359 2) 91 985 490

Currency market and market risk management

Svetslav Georgiev, Senior Dealer

Phone

(+ 359 2) 91 985 464


Rositsa Petkova, Dealer

Phone

(+359 2) 91 985 453


Elka Petkova, Dealer

Phone

(+ 359 2) 91 985 429

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General Conditions and Forms

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    Factoring is applicable to both domestic and foreign clients /payers/.
    Factoring is a quick procedure that is expressed in transferring your receivables to the benefit of Raiffeisenbank and the Bank finances those deferred payments without requiring additional collateral.

    Advantages

    • Quick liquidity without additional collateral

      You release cash flow immediately after you issue your invoices

    • Longer deferred payment period

      You get an opportunity to provide more favourable commercial terms to your payers than your competitors.

    • Reference for new customers

      By accepting or rejecting a new customer for you, the Bank provides you with guidance for your future collaboration.

    • Insurance

      Possibility to be insured against commercial risks of non-payment by a payer chosen by you.

    • Administration

      You transfer the process of administration and collection of your receivables to the Bank.

    Details

    Minimum amount 100 000 BGN
    Deferred payment Between 20 and 240 days
    Utilisation Period 12 months
    Price conditions To be negotiated

    What is Factoring?

    Factoring is a package of financial services including two or more of the following elements:

    • Financing of trade receivables with deferred payment, without additional collateral.
    • Administration and collection of trade receivables.
    • Credit risk protection.

    Factoring is applicable to both domestic and foreign clients /payers/.

    Factoring solutions of Raiffeisenbank

    Factoring with recourse

    • A solution to obtain liquidity immediately after issuing the invoice.
    • You assign the process of collection of receivables to the Bank.
    • The payment behaviour of your payers is improved.

    Factoring without recourse

    • You transfer your receivables from a given company and the risk of non-payment due to bankruptcy and permanent insolvency is covered by an insurer.
    • With such transfer you can use all advantages listed under Factoring with recourse section.
    • The use of advance payment is a possibility and not an obligation for the supplier.
    • You get a possibility to research new Bulgarian and foreign payers.

    Application

    Application procedure

    Preliminary examination

    Raiffeisenbank gives you an opportunity to receive an offer within 24 hours with indicative parameters for approval of the desired factoring limit.

    The conditions for applying for such a limit are:

    • The company that applies must have sales income of over BGN 2 million in each of the last 2 years.
    • The factoring limit must be at least BGN 100,000 with a maximum of 5 payers.

    In case you meet the above requirements and wish to receive an indicative offer for Factoring you can send an e-mail to address factoring.sales@raiffeisen.bg containing the exact name of your company, the uniform ID code of the company and the completed file Table of Payers.

    Within 1 business day of submitting your information, the Factoring Department of Raiffeisenbank will send you an opinion or an indicative offer and the Bank reserves the right to a final decision after a thorough review of the supplier and the payers under the transaction.

    If you receive a positive opinion and wish to conclude a Factoring Agreement, you need to fill in a Factoring Application Form, which you have to send to the address of Raiffeisenbank, Factoring Department.

    Application criteria

    The receivables must meet specific conditions:

    • They must result from actual services or delivered goods.
    • They must be transferable, without encumbrances, they must not have matured and they must not be subject to offsetting.
    • The retained amount /requested factoring limit/ is at least BGN 100,000.

    Companies that may benefit from the Factoring services:

    • Manufacturing and trading companies that sell to their customers under conditions of deferred payment varying between 20 and 240 days.
    • Suppliers making regular supplies for which they issue invoices in accordance with current Bulgarian legislation and receive payments from their customers by bank transfer.
    • Companies that have no economic connections to their clients.

    Contacts and assistance

    Viktor Spasov

    Head of Factoring

    Sofia 1407, 55 Nikola Vaptzarov Blvd, EXPO 2000
    Phone: (+ 359 2) 91 985 774, (+ 359) 886 999 569

    Sales

    Factoring, Sales Department

    Sofia 1407, 55 Nikola Vaptzarov Blvd, EXPO 2000
    Phone: (+359 2) 91 985 268, (+359 2) 91 985 261, (+359 2) 91 985 264

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