“The increase is due primarily to the current customer portfolio and the new business segment where we (the company-ed.) saw a 12% year-on-year increase”, said Bogdan Rosu, managing director Next Capital.
Rosu said 70% of financing volumes through factoring are achieved with Romanian producers and 20% are carried out with local distributors operating in various fields, with IT&C, Business Process Outsourcing (BPO) and FMCG being the most active sectors.
Next Capital representative believes the main reasons impacting the increase in financing requests and, implicitly, in factoring, were linked mainly to the evolution of consumption, in the context of a generalized increase of payments deadlines and, less to investments.
IFN Next Capital Finance, established in November 2006, is part of Next Capital Group, which provides lending solutions, debt claim management and advisory, as well as BPO (Business Process Outsourcing) services through the company OPTIMA SOLUTIONS & SERVICES.
Next Capital is founding member of the Romanian Factoring Association (ARF) and Bogdan Rosu currently is president of the association.