FactorBank provides factoring services, including purchase and financing of short-term claims on domestic and foreign customers, credit management, collection services, and acquisition of the default risk of receivables. Factoring is aimed at production, wholesale and service businesses that open on to their customers against provide invoice.
FactorBank AG was the 116th largest bank in Austria in terms of total assets. In 2017 its total assets were 650,66 mln EUR, providing the bank with the market share of 0.08%. FactorBank AG was the 23rd largest joint stock bank and private bank in Austria (out of 38 joint stock banks and private banks) having market share of 0.30% amongst the banks of this category. In 2017 the bank's net income was 5 000,00 EUR.
FactorBank AG participates in deposit guarantee scheme of Austria. This scheme covers accounts up to 100,000 EUR per bank per depositor.
FactorBank AG is a member of UniCredit (Italy).
FactorBank AG was headquartered in Wien.