Romania’s factoring market up by 15.5 pct in H1

Newsroom 16/09/2016 | 16:39

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.

Georgiana Bendre

BR Magazine | Latest Issue

Download PDF or read online: December 2022 Issue | Business Review Magazine

The December 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Xclusiverse: Going Beyond the Traditional Ways of Doing Business.”
Newsroom | 19/12/2022 | 18:45

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue