For the fourth time in a row, ETRIS BANK has received the top rating “A+ with stable outlook” from the GBB rating agency. This confirms the bank’s solid business model and its future viability.
Wuppertal – “We are delighted to have once again received the top rating from the GBB rating agency,” says Uwe Müller, Chairman of the Managing Director of ETRIS BANK.
He emphasizes: “Because it confirms that our bank has established itself as a competence center for receivables and risk management as an important player in the market.”
The main rating drivers of the Europe-wide certified GBB rating agency are:
- The solidity of the business model with the digital strategic business areas of central payment and factoring
- The solid medium-sized shareholder background in the form of the owner-managed E/D/E GmbH as a third-generation family business
- The successful new customer business and the resulting continued positive development of the earnings situation
- Full banking license as competition to financial services institutions without a banking license against the backdrop of increasing regulation
The main business area of ETRIS BANK is central payment, with and without assumption of del credere, for members and suppliers of its own group of companies, as well as the associated payment processing. In addition, the bank is increasingly carrying out central payments for third-party buying associations. Another key pillar of the business model is factoring, which is characterized by significant growth in the current financial year. This particular growth is due to the fact that ETRIS BANK offers factoring in all variants tailored to the respective customer needs.
With its successful positioning, ETRIS BANK is not only a competent partner for SMEs in all aspects of receivables and risk management, but also a stable and modern employer in the region with a highly motivated team.
Uwe Müller, Chairman of the Managing Directors of ETRIS BANK, is your first point of contact for all questions relating to the cooperation:
E-mail: uwe.mueller@etrisbank.de
Phone: +49 202 6096-1503
Download press release as PDF:
EDE_Press_release_ETRIS-BANK-Rating
