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Our history

Success has a history

BNP Paribas Factor GmbH - together with 15 affiliates - is incorporated in the BNP Paribas Factoring Group. BNP Paribas Factoring – represented in 15 countries around the world and European market leader in its field – employs 1300 staff and has 50 years of product experience in all types of factoring.

Here are the most important milestones:

 

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  • 1963

    Creation of IFITALIA, the first-ever Italian factoring company, by Banca Nazionale del Lavoro (BNL). IFITALIA joined BNP Paribas in the year 2006.

  • 1965

    Founding of KEFAM in Belgium, a predecessor of Fortis Commercial Finance.

  • 1974

    Creation of Belgo-Factors N.V. in Belgium, making KEFAM a holding company.

  • 1987

    BNP creates BNP Factor Portugal IFIC SA.
    Foundation of FMN Belgium and FMN France.

  • 1994

    Creation of BNP Factor in France, as a result of the merger of the factoring activities of BNP and Universal Factoring.

  • 1997

    Creation of TEB Faktoring in Turkey, a subsidiary of Türk Ekonomi Bank designed to provide domestic and export factoring solutions. The company joined BNP Paribas in 2005.

  • 2000

    Creation of Fortis Bank by merger of CGER-ASLK with Généralé de Banque.
    Creation of FCF Holding, under whose umbrella FMN Finance House, Belgo-Factors, Generale Bank Factors and ACE Factors come together.

  • 2010

    Creation of the BNP Paribas Global Factoring Competence Center in Brussels following the merger of BNP Paribas and Fortis. The Global Factoring Competence Center is tasked with the coordination of all factoring activities within the BNP Paribas Group.

    Acquisition of International Trade Partners, a specialist in the field of commercial debt management.

  • 2011

    BNP Paribas acquires Fortis Commercial Finance, which includes the German Fortis Commercial Finance GmbH and later BNP Paribas Factor GmbH in Düsseldorf, Germany, and thus becomes the European market leader in factoring.

  • 2012

    Renaming of the German Fortis Commercial Finance GmbH in BNP Paribas Factor GmbH; BNP Paribas Factoring becomes the overall brand name for all global factoring activities of the group.

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