HISTORY

1995  

ABC Factors was established by Alpha Bank, in cooperation with the Bank of Cyprus. ABC Factors is the first Company to provide Factoring services in Greece (Licensed by the Bank of Greece following Monetary and Credit Committee resolution nr. 549/28.11.1994)

2001

Alpha Bank acquired the stake of the Bank of Cyprus in the Company, thus holding 100% of ABC Factors’ share capital

2002 

Following the acquisition of Ionian Bank by Alpha Bank, ABC Factors absorbed Fact Hellas S.A., the factoring subsidiary of Ionian Bank

In the Annual General Meeting of Factors Chain International, ABC Factors received the highest distinction for its performance in Import Factoring

2006

ABC Factors expanded its operations in the Cypriot market

2007

ABC Factors added Forfaiting to its portfolio of services

In the same year ABC Factors expanded its operations in the Bulgarian and Romanian markets

2010

ABC Factors was licensed to operate in the Italian, German and French markets

2013

Following the acquisition of Emporiki Bank by Alpha Bank, ABC Factors took over the Factoring portfolio held by the respective division within Emporiki Bank