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