Company Introduction
 Piraeus Factoring SA, 100% subsidiary of Piraeus Bank Group, is specialized in providing factoring
services with a presence in the Greek and International factoring industry since 1999.
 Our main vision is to pursue excellence in our service quality in order to be identified as one of the
leading factoring institutions.
 Member of Factors Chain International (FCI - The largest chain of agents factoring in the world) since
1999 and a founding member of the Hellenic Factoring Association.
 Awarded in 2011 from FCI as the export factor that showed “the best service quality improvement”.
 As a factoring company, we cooperate with companies having both Domestic and International
Accounts Receivable.
 Piraeus Factoring SA develops synergies both 'internally' within the Piraeus Bank Group (through the
Credit Departments of the Bank) and 'externally' with third party companies (p.e. companies providing
credit insurance coverage) and organizations (FCI) in order to provide custom made solutions to better
serve our clients’ business needs.
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How does Factoring work?
1.Invoicing of Products or
Services offered
Seller
2. Assignment
of the
Accounts
Receivable
and of all the
respective
documents
Buyer
3. Financing,
management, credit
cover and collection of
the Accounts
Receivable
5. Remittance of the
remaining balance of
the invoice to the
seller
4. Payment of the
Invoice
Factor
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Our Products
Domestic
Factoring
The Factor offers the full set
services for Accounts Receivable
of buyers in the domestic market.
It can be offered:
•
With Recourse
•
Non Recourse
Collection Only
Factoring
The Factor only manages and
collects the Accounts Receivable of
buyers both in the Domestic and
International market.
International
Factoring
Our
Products
The Factor offers the full set of
services for Accounts Receivable
of buyers in the International
market. It can be offered:
•
With Recourse
•
Non Recourse
•
Import
Reverse Factoring
Process initiated from the buyer’s
side. It involves big companies with
small sellers and provides more
efficient management of the
Accounts Receivable.
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Our services
Accounts
Receivable
Management
Accounts
Receivable
Financing
Credit
Assessment
of Buyers
Accounts
Receivable
Collection
Accounts
Receivable
Credit Cover
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Our Competitive Advantages
Member of
the Piraeus
Bank Group
Specialized
ERP system
Worldwide
Operations
Piraeus
Factoring SA
High Quality
Services
Personnel with
high expertise
in the factoring
field
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Contact us
Company Site: www.piraeus-factoring.gr
Chara Vardakari
General Manager
x.vardakari@piraeus-factoring.gr
+30 210 9008051
Yanos Nakatsiadis
Senior Director
Business Development & Relationship Management
i.nakatsiadis@piraeus-factoring.gr
+30 210 9008053
Giannis Gournas
Manager
Business Development & Relationship Management
i.gournas@piraeus-factoring.gr
+30 210 9008075
Afroditi Stavraki
Head of International Factoring
Business Development & Relationship Management
a.stavraki@piraeus-factoring.gr
+30 210 9008044
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