Amsterdam – 3 October 2013 – Patrick de Villepin, Global Head of Factoring at BNP
Paribas, today announced the launch of BNP Paribas Factoring activities in The Netherlands that will operate under the name of BNP Paribas Factor NV.
BNP Paribas Factor NV will provide flexible factoring solutions to Dutch companies in the Netherlands and abroad or to Dutch subsidiaries of foreign companies. It will mainly target medium size and large corporates and will closely cooperate with BNP Paribas in
the Netherlands to serve those clients which have short term working capital needs. BNP Paribas Factor NV will work together with the 14 other Factoring entities within the BNP Paribas Factoring Network to provide tailor-made factoring solutions across borders.
Andre Boulanger, Country Head of BNP Paribas in the Netherlands, stated: “For our customers, the addition of factoring to our corporate offering in the Netherlands is a
valuable extension of our product range. Our Dutch customers will benefit because we will be able to support them with an ever wider range of services. For BNP Paribas, adding factoring in the Netherlands will help us to further reinforce the Group’s ambition to be One Bank for Corporates.”