FACTORING

EVERYTHING YOU WANTED TO KNOW
ABOUT FACTORING AT FIBI

 

 

The Factoring & Finance Center at the First International Bank
of Israel Ltd. offers a range of customized creative solutions depending
on your business needs.

What is Factoring?
Factoring is a financial transaction through which a company sells its customers
debts to the bank and receives in return the amount of the debt minus interest and
commission.

Advantages of Factoring
• Minimize risk of exposure to debtors.
• Improvement of cash flow.
• Improvement of financial ratio in your financial reports.
• Factoring transaction is not a loan. It is not registered as credit in your account.
• Diversity of your funding sources.

Types of Factoring and Finance
• Local Factoring - purchase of commercial debts of debtors in Israel
• Export Factoring – purchase of commercial debts of debtors abroad
• Reverse Factoring – advance payment to suppliers against assignment
by way of sale of debts by the supplier
• Import Finance - a solution for Importers who wish to improve supplier credit terms.
The Bank provides the Importer with a loan* which is insured by credit insurance.

For further information please contact the Factoring & Finance Center: 03-7556075

*The above does not constitute any obligation to grant a loan. a loan will be granted subject to the discretion of the
Bank and subject to the provision of satisfactory securities. Failure to repay the loan may result in late payment
interest and execution proceedings. The above is subject to the Bank's rules and regulations. E. O.E. 01/2020