The FCI Export Factor of the Year Award recognises FCI Members who conducted Export Factoring and received the highest grade from several criteria, including Service quality, Number of votes (ratings), Factoring volume, Number of invoices and credit notes, Individual response time, Individual collection period, and Coverage ratio. During the FCI Award Dinner on Wednesday, 1st November 2023, the winners and runners-up were announced.

Below are the winners and runners-up for this category.

1st Place: Eurobank Factors Single Member S.A., Greece

2nd Place: Intesa SANPAOLO S.p.A., Italy
3rd Place: YapiKredi Faktoring A.S., Turkey 

About The Winner

Eurobank Factors Single Member S.A.
Eurobank Factors SA is a wholly owned subsidiary of Eurobank SA. The company offers factoring and forfaiting services to the Greek market. Eurobank Factors SA provides immediate funding and cash flow services to businesses. Eurobank Factors SA is the leader in factoring services in Greece, with a 34% market share. FCI ranked Eurobank Factors SA: Best export and import factor worldwide (2023, 2011 and 2009) and 3rd best export factor worldwide (2017). The factors are assessed and ranked following a voting session among FCI members during their annual meeting. It is based on quantity and quality criteria, including the quality of the services offered by the factors and the amount of their assigned export receivables. EFG Factors SA was incorporated as a factoring company in 1999. In 2008 the company changed its corporate name to EFG Factors SA and in 2012 to Eurobank Factors SA.

About The Runners Up

Intesa SANPAOLO S.p.A.
The Intesa Sanpaolo Group is one of the top banking groups in Europe, with a significant ESG commitment, a world-class position in Social Impact and a strong focus on climate. Intesa Sanpaolo is the leader in Italy in all business areas. The Group offers its services to 13.6 million customers through a network of over 3,300 branches well distributed throughout the country with market shares no lower than 12% in most Italian regions. Our global network is comprised of International Subsidiary Banks operating in 12 countries in Central Eastern Europe and Middle Eastern and North African areas and an International Corporate Network formed of Corporate Hubs, Representative Offices, Branches and Banks active in 25 countries around the world. 

YapiKredi Faktoring A.S.
Yapı Kredi Factoring, established in 1999 and a subsidiary of Yapı Kredi, is one of the oldest companies in the young sector and one of the strongest and most reliable factoring companies in Turkey with its experience and proven service quality. Yapı Kredi Factoring is one of the pioneering companies of the sector with its strong partnership and financial structure, and high market share. Creating exact solutions for the needs of the companies and offering flexible and fast action opportunities as a strong financial partner are among the most important advantages of Yapı Kredi Factoring. Its experienced and dynamic staff create the most suitable solutions to the needs of the customers, it aims to be always the first choice of the customers and proves its service quality with high degrees received in customer satisfaction inquiries. Yapı Kredi Factoring is an active member of the Association of Financial Institutions and FCI. Yapı Kredi Factoring, aiming to extend the use of export factoring and being one of the most important executors of export factoring, enhances its success in the international factoring area every passing year. Yapı Kredi Factoring, having substantial experience in international trade, offers guaranteed sales opportunities in the export of both SMEs and corporate companies and plays an important role in the organization of cash flows.

>> Learn more about the 2023 and past winners by clicking here.

Education plays a vital role

All three companies educated their teams through the FCI Academy. A common theme running through all are our Specialised courses and Supply Chain Finance & Reverse Factoring Course. Staff enrolling and educating themselves through our specialised on-demand courses gives them the knowledge and confidence to perform these high-volume transactions. 

Specialist-trained employees can offer significant benefits to companies. Firstly, their expertise allows them to excel in their specific tasks, providing quality output. Secondly, this can reduce the time required to switch between tasks, resulting in higher efficiency. Lastly, opting for specialisation can lead to lower costs for training, as the focus is on mastering a specific skill.

The FCI Academy On-Demand Courses allow those interested to enrol and start studying immediately; no more waiting for the course to start! Join the 13,000+ industry professionals who have trusted us to give them the best education in receivables finance and register below today.

>> Learn more about the Specialised Courses by clicking here.
>> Learn more about the Supply Chain Finance & Reverse Factoring Course by clicking here.

Discover more

• See who will win in 2024 by attending the 56th Annual Meeting in Seoul on 9-13 June 2024. Click here to find out more.