Business Money – Receivables Review, Mar 2012
March 7, 2012|

Despite the recession and continuing economic uncertainty which defined 2011, Leumi ABL has continued to forge ahead, growing both the Leumi ABL and Leumi Invoice Finance brands with equal success.

Thanks to the efforts of the entire team, both divisions have increased client numbers and the funds in use have grown to their highest level since inception. Short decision making lines, fast credit approvals and continuing involvement of the senior team throughout the relationship have all contributed to the Leumi team winning many new opportunities in the year that marked the fifth anniversary of the launch of Leumi ABL.

Furthermore, last year the business added to their client base by acquiring the client portfolio of Coface, and indeed prospects continue to look bright for 2012, the year in which their parent bank celebrates its 110th anniversary.