Velika preduzeca - Krediti

CKB Commercial Factoring

CKB commercial factoring is one of a kind service on the banking and financial market of Montenegro, taken from very successful practice of the members of OTP Group CKB is a part of. This service enables purchase of your short-term receivables with maturity of maximum 180 days for goods sold or services performed before they are due for payment. Commercial factoring works in a way that 70% to 90% of the invoice value less the factoring interests and fees is immediately disbursed to your account while the remaining 10% to 30% of the invoice value is disbursed to your account upon maturity once the buyer of goods or services-debtor pays full invoice value to the Bank.

Target clients

  • Clients who need additional working capital to improve their liquidity
  • Clients who have commercial contracts and long-term cooperation with their buyers-debtors
  • Clients who want to offer their buyers more favourable payment terms than their competitors

Documents required

  • Completed and signed application
  • Copy of the registration decision
  • Copy of the decision on registering for VAT
  • Copy of the certificate on the activity classification (if any)
  • Copy of specimen signature card for the Bank account
  • Copy of OP Form (certified signatures of persons authorized to represent the company)
  • Statute and founding document
  • Financial statements (balance sheet and income statement ) for the previous 3 years (certified by the Commercial Court or the Tax Administration)
  • Balance sheet, income statement - auxiliary forms, for the previous 3 years
  • Financial statements (balance sheet and income statement ) – year to date
  • Trial balance for the previous 2 years and year to date
  • Analytics of customers and suppliers for the previous year and year to date
  • Consent for access to Credit Register (RKB) from the company and company owner (and all subsidiaries and guarantor)
  • Balance sheet and income statement for the previous 2 years for the company owner and/or subsidiaries (if the company owner is a legal entity and/or if there are subsidiaries)
  • Invoices and other additional documents


For pricing of our products and services, see our tariffs.