The Intermarket Bank AG was founded in 1971 as a factoring bank. Not only is it the oldest Austrian bank it is also the only one, which is a member of the Factors Chain International (FCI) – an international association uniting the biggest international companies and banks offering factoring services. The Intermarket Bank AG (having a 59% market share in Austria) constitutes the largest factoring group in Central and Eastern Europe, since it owns 34% of this specific market together with affiliated factoring companies from this region.
Thei subsidiaries in Hungary, Poland, the Czech Republic, Slovakia, Romania and Slovenia offer highly efficient local factoring services in the main markets in Central Europe, particularly for branches of German and Austrian exporters.
The company works with the SMEs in production and service sectors. Its service is also addressed to exporters and importers, start-up companies and companies entering new markets.
Intermarket Bank offers domestic and international factoring, management of receivables, hedging against the risk of clients’ insolvency and collection of receivables.
Their pre-payments are calculated from the gross invoice amount, so net invoice amounts on invoices subject to the standard VAT rate of 20% are virtually financed in full.
You receive the remaining 10% or 20% on the full gross invoice amount once your customers have paid.
They pay promptly after receipt of your invoice. You have the money immediately; no need to miss out on cash discounts. Your liquidity develops in line with your turnover: as the financing is based on your receivables, the higher your turnover, and the higher your resultant need for liquidity, the more cash you will have available straight away.
If you would like to experience the benefits of factoring: they would be happy to provide you with individual advice without any obligation.