Factorit S.p.A.

Factorit SpA was founded in December 1978 by a group of Italian Cooperative Banks. Today it is one of the foremost Italian player in the factoring market not only by volumes but also by technological innovation, professionalism and flexibility. The company is part of Banca Popolare di Sondrio Banking Group and is subject to the management and coordination of Banca Popolare di Sondrio S.p.A., being the sole shareholder. The company's wide range of products is dedicated both to enterprises acting in national and international markets. In facts, further to the basic mix of factoring services: Receivables Financing, Credit Protection and Receivables Management, Factorit Spa offers a set of special products tailored to the needs of some important industrial and trading sectors. Factorit Spa has a nationwide presence made of 6 branches (Bologna, Milano, Padova, Palermo, Roma and Torino). Its factoring services are also distributed through more than 6.000 counters of the associated Cooperative Banks (Banche Popolari). Factorit Spa is strongly committed in promoting international factoring transactions and is a member of Factors Chain International, a worldwide network of factors.