Romania’s factoring market up by 15.5 pct in H1

The factoring market grew by 15.5 percent in the first six months of the year compared with the similar period of the last year, reaching a level of EUR 1.75 billion, according to the data of the Romanian Factoring Association (ARF).

„From the volumes point of view, the biggest growth was registered by the internal factoring, with a growth of 20 percent compared with the last year, reaching the level of EUR 1.35 billion,” said the president of ARF, Bogdan Rosu.

An important share in the internal factoring is represented by a relative new product on the market, which however is functioning very well with the key accounts with their supplier, the reverse factoring. The financing through reverse factoring overpassed EUR 264 million at the half of the year.

A consistent growth of 28 percent had also the export factoring, reaching approximately EUR 338 million.

On the first place in volume growth in internal factoring was constructions sector, with 17 percent of the total claims in the benefit of the internal commercial exchanges, followed by the FMCG sector with 16 percent growth.

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