Category: factor chains
Data collated by the EU Federation for the Factoring and Commercial Finance Industry (EUF) shows that in the first half 2019 factoring and commercial finance volumes in the EU grew by 9.3% from 2018 to €896 Billion. That represents 11.2% of EU 28 GDP This continued growth again clearly outpaces the subdued increase in GDP […]
Amsterdam, 4 June 2020: The growth of the factoring industry in 2019 continued its upward trend and the reported figures indicate an increase of over 5% to reach 2,917 billion euro. Peter Mulroy, Secretary General, FCI told TFG: “This increase in global volume in 2019 follows on the heals of another successful two years in […]
India’s financial parliamentary panel has called for the ratings agencies to regulate MSMEs seeking receivables loans and factoring credit. With amendments to the country’s Factoring Regulation Act 2011 being proposed by the government, the volume of business from factoring credit is expected to increase significantly, according to the Standing Committee on Finance. They have now […]
Mr. Fausto Galmarini, Chairman of Assifact, the Italian Association for Factoring, has been elected as Chairman of the EU following a vote by the EUF’s Executive Committee which met on 4 April 2022 in Rome. His mandate takes effect immediately for a period of 2 years. Galmarini has been working in the banking and credit sector […]
FCI, the global representative body for factoring and financing of open account domestic and international trade receivables, has released their latest world factoring statistics. This 2021 report indicates that the factoring and receivables finance industry volume witnessed a significant growth of +12.6% in 2021. This increase comes after the devastating impact of COVID-19 in 2020, […]
The EU Federation (EUF) for Factoring and Commercial Finance has released its latest round of statistics, which indicates a strong recovery of factoring following the pandemic-induced decline from the previous year. After the global pandemic, it was difficult to project when and how the market would recover the lost volumes following the dramatic decline in […]
Companies in the industry have exhibited resilience this year, showing what it takes to truly bounce back. In their latest Annual Review, FCI shares articles by FCI senior executives including a roundtable discussion, regional updates, the Global Industry Activity Report, and more. FCI publishes its Annual Review every June, highlighting FCI’s annual figures as well […]
