BFF BANK S.p.A.-GREEK BRANCH

BFF BANK S.p.A.-Greek Branch is the local arm of BFF Banking Group, an Italian bank listed on Borsa Italiana, operating in Greece with a narrow focus on working capital solutions for companies supplying the public administration and healthcare sector. The branch’s activity centers on the purchase and management of trade receivables, including non-recourse and with-recourse factoring, reverse factoring programs with public-sector debtors, and credit management and collection services tailored to the payment practices of Greek public entities. It positions itself as a corporate and institutional service provider rather than a retail bank, and does not market consumer current accounts, cards, or mass-market lending. Pricing typically combines a discount rate (often referenced to market benchmarks) with service commissions and, where applicable, legal or collection costs; actual terms depend on debtor quality, tenor, invoice ageing, and program structure. Onboarding involves standard corporate KYC/AML checks, documented assignment of receivables, and notification procedures consistent with Greek law. Transactions are settled through standard EU payment rails, and clients generally interface via relationship managers and digital portals for invoice submission and monitoring. As an EU branch of an Italian credit institution, it operates under home-country prudential supervision within the Single Supervisory Mechanism framework and is subject to local oversight by the Bank of Greece for branch activities; if it accepts eligible deposits in Greece, coverage would fall under Italy’s deposit guarantee scheme in line with EU rules. The model is exposed to public-sector payment cycles and regulatory changes, so counterparties should review recourse provisions, fee schedules, and service-level terms before committing.