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 108th largest bank in Austria in terms of total assets. In 2018 its total assets were 717,62 mln EUR, providing the bank with the market share of 0.09%. FactorBank AG was the 22nd largest joint stock bank and private bank in Austria (out of 36 joint stock banks and private banks) having market share of 0.33% amongst the banks of this category. In 2018 the bank's net income was 5 000,00 EUR.
FactorBank AG participates in the deposit guarantee scheme of Austria. This deposit guarantee scheme applies to all balances on bank accounts made by natural persons (Austrian and foreign), legal entities (Austrian and foreign) and covers up to up to 100,000 EUR per bank per depositor. FactorBank AG is a member of Einlagensicherung AUSTRIA Ges.m.b.H (ESA) and makes its contributions into it.
FactorBank AG is a member of UniCredit (Italy).
FactorBank AG was headquartered in Wien.