Factoring offers transaction based finance, protection & collections of trade receivables that assist businesses compete with suppliers on beneficial trading terms. Emirates NBD offers Factoring Services to improve your company's cash flows and maximize the utilization of your current assets. It solves your problems in administering and monitoring local and export receivables. It also eases your burden to deal with difficulties created by language barriers, unfamiliar customs practices and laws, long distance communication and lack of sources of reliable credit information.
For a business operating on open account credit terms, factoring helps in growing the business, speeding up the cash flows, collecting invoices and, in selected cases, even protecting the businesses from the risk of bad debt.
- Domestic Factoring (with and without recourse)
- Export Factoring (with and without recourse)
- Import Factoring
- Collection on services (Exports and Imports)
Apart from corporate banking our other services include personal banking, private banking, business banking & priority banking. It is our constant effort to meet all the requirements of Emirati efficiently.