VTB Factoring, subsidiary of VTB Bank, provides factoring services since 2009. Since 2011 VTB Factoring is the market leader in all key indicators. Mission of VTB Factoring is to bring new technological ideas into factoring business and make financing comfortable and available for the clients. Geography of VTB Factoring covers the 17 largest Russian cities, including Moscow, St. Petersburg, Voronezh, Ekaterinburg, Izhevsk, Kazan, Krasnodar, Krasnoyarsk, Nizhny Novgorod, Novosibirsk, Orel, Perm, Rostov-on-Don, Samara, Saratov, Ufa, Vladivostok. In addition, the attraction of clients for factoring services is also conducted through branches of VTB Bank that are opened in all regions of the Russian Federation. VTB Factoring is a member of the largest international factoring association IFGroup and Association of factoring companies (Russian Federation).Individual approach to the clients and ability to adapt the products for the needs of clients enable the successful growth of the Company. Due to such approach on the present moment the largest trading and industry companies of Russia are the clients of VTB Factoring. In 2013, VTB Factoring showed impressive results: we could keep and strengthen the position of VTB Group in the Russian factoring market with the share of about 30%. For two consecutive years, VTB Factoring has been the absolute leader of the market with the turnover of 2 trillion rubles. In 2014, VTB Factoring will face much more challenging tasks, among which we particularly emphasize further strengthening of leading positions of our Company in the market. Next year VTB Factoring is planning to overcome a psychological level of 100 billion rubles portfolio, more than 500 billion of turnover and to increase its market share by means of introducing factoring into business processes of the biggest companies of the Russian economy.