Serfactoring is an expression of Eni’s cooperation with some of Italy’s leading banks. The company’s main role is the of granting loans (confidential or otherwise) to the public, as defined and regulated under the regulations governing the sector. Founded in 1984, it operates within the Eni Group, offering its services to group companies and those operating in the area. It provides the organised and coordinated management of administrative tasks, disposal and collection of receivables, including future receivables, individually or in bulk, in the euro or other currencies, but in any case from the operation of business or commercial activities. The company also provides lending service to employees of Eni and its subsidiaries and operating real estate leasing services in the interest of Eni and its subsidiaries.


Corporate structure

organizational chart Serfactoring

Board of Directors

The Board of Directors of Serfactoring was appointed by the Shareholders’ Meeting of 08/04/2015 for three years, and will remain in office until the approval of the financial statements for 2017 and is made up as follows:

  • Francesco Bisesti, Chairman
  • Ernesto Formichella, Deputy Chairman
  • Sergio Mereghetti, Chief Executive
  • Elvio Campagnola, Director
  • Stefano Congiu, Director 
  • Regina Corradini D’Arienzo, Director
  • Marco D’Alessandro, Director 
  • Marco Di Cesare, Director
  • Patrizia Dominici, Director 
  • Ugo Ferraris, Director 
  • Federico Rey, Director 
  • Massimo Stazi, Director
  • Claudia Vignati, Director 

Board of Statutory Auditors

The Board of Statutory Auditors of Serfactoring was appointed by the Shareholders’ Meeting of 07.04.2016 for three years, and will remain in office until the approval of the financial statements for 2018 and is made up as follows:

  • Gianluca Officio, Chairman 
  • Maura Campra, Standing Statutory Auditor
  • Francesco Messina, Standing Statutory Auditor
  • Giulia De Martino, Substitute Statutory Auditor
  • Carolina Montebelli, Substitute Statutory Auditor 
External auditors (Ernst & Young SpA: assignment awarded by the Shareholders’ Meeting of 19/04/2010 for the period 2010-2018)

Model 231

The new Serfactoring Model 231, approved by the Board of Directors on 29 July 2015, includes the Eni Code of Ethics and consists of a body of principles, rules and functional requirements for the establishment and operation of a system of control and monitoring of sensitive activities to prevent the commission of offences foressen by Legislative Decree. n. 231 of 2001. The role of monitoring the proper implementation and management of the Model 231 has been assigned to the Serfactoring Supervisory Board, which also performs the functions of Guarantor of the Code of Ethics.



Factoring is a comprehensive and specialised system of coordinated services that enable businesses to more efficiently manage that part of its working capital consisting of trade receivables from customers. In Italy factoring contracts are governed by a regulatory framework comprising Articles 1260 ff. of the Civil Code and the Law n. 52 of 21 February 1991. The legal basis for factoring operations is the assignment of a claim, which sees the transfer of the title from the supplier (assignor) to the Factoring Company (transferee).
In the current evolution of the market, factoring is not only seen as a financial instrument but also as a global management system of a company’s receivables portfolio, through the combination of three main components:
  • the management component: covers all the administrative tasks concerning payment reminders and the collection of receivables and, for the client company, offers the possibility of effectively outsourcing these activities by taking advantage of the added value and economies of scale resulting from a specialised operator.
  • the guarantee component: is achieved through appropriate contractual arrangements to transfer the responsibility for the commercial risks relating to the assigned credit to of the transferee.
  • the credit component: typically involves the anticipation of the payment of trade receivables owed by the company to its customers. Factoring does not provide the company with additional financial resources, but makes resources which still fall under its availability liquid.

Loans to employees

This activity involves providing loans on favourable terms to Eni personnel. Finance can be accessed by Eni employees on permanent contracts in Italy. The activity is regulated by Group policies and specific internal procedures.

Operating leasing services

This activity is carried out exclusively in the interests of Eni and its subsidiaries in Italy.

E-factoring services

E-factoring services allow clients to browse, using a web interface, accounting information relating to the factoring relationship, to download relevant files and to input and submit data on the transfer of receivables. Serfactoring offers the service via the e-finance Internet portal made available by Eni SpA, with which the company has signed a special agreement. The service is aimed at a more rapid and effective exchange of information. The data that can be used relates to operations booked to the accounts one business day prior to that of access. Such data are informative. Only the official records contained in the accounting documents sent by Serfactoring by the usual channels can be considered official. For more information and to adhere to e-factoring services, clients can send an e-mail to the following address serfactoring@serfactoring.eni.it or contact the Client Development and Management office.


Limited Company
Legal and Operational Headquarters
Via Fabiani, 1B
San Donato Milanese (MI)

Local unit
Via del Serafico, 200

Client development & management
Tel: 02 520 45743
Tel: 02 520 45735
Tel: 02 520 45658
Tel: 02 520 51631
Fax: 02 520 45519

Sales & contracts
Tel: 02 520 45659
Tel: 02 520 45723
Fax: 02 520 45739

Information services
Tel: 02 520 45746
Fax: 02 520 45692

Employee loan services
Tel: 06 59822033 (available on Tuesdays & Thursday, from 10 am to 12.30 pm)
Fax: 06 59822705

Operating leasing services
Tel: 06 59822849
Tel: 06 59822597

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