NTB introduces Nations Factors

Nations Trust Bank (NTB) recently launched their factoring arm, the latest addition to their wide range of products by introducing, Nations Factors", a spokesman for the Bank said.

He said the addition of Nations Factors to its product portfolio strengthens the Bank's position as a comprehensive financial service provider and allows Nations Trust Bank to provide customised financial product options to their ever widening customer base.

Nations Factors first commenced business in 1995 as "Factor" when it was part of the former Mercantile Leasing Limited. It is the second company to venture into factoring in the country.

Customers of "Nations Factors" will have the benefit of all the professionalism and specialised product knowledge of an experienced factoring company together with the banking convenience of Nations Trust Bank.

Nations Factors is committed to assist business with growth potential which are however constrained by limited resources.

Factoring facilities offered by "Nations Factors" include Working Capital, Sales Leader Management and Collection of Receivables.

With Nations Factors unique, user-friendly, on line, real time IT system, customers at "Nations Factors" have the ability to access their account from wherever they are and take decisions with regard to their cash flow, debt management and receivables.

"By using Nations Factors, customers could obtain added working capital, and outsource sales leader management and collection of dues, thus allowing them to concentrate and invest more in their core business activities and to grow to their full potential" said Deputy General Manager Leasing and Factoring, Nations Trust Bank, Keshini Jayewardene.