‘Factoring is a very important and promising thing for SKB-Bank and something we’re particularly proud of,’ says the bank’s Chairman Vladimir Pukhov.

‘The Ural factoring market had a million-something turnover as recently as one year ago, but we have been able to reach a new developmental stage by getting past the figure of 1 billion RUR in only six months. According to the preliminary estimates, our bank is now Russia’s tenth or twelfth largest player on the factoring market,’ Mr. Pukhov said.