Domestic factoring increased 40% in the first half of 2015, while the export factoring grew 15%, mainly supported by the industry sector. On the other hand, import factoring decreased 13%.
“The companies providing factoring services manage to develop the market mainly through focusing on very large companies, which are working with many suppliers, especially the small and medium-sized enterprises SMEs, as well as through customizing financing packages meant to replace classical financing products, which would have increased the degree of indebtness, had brought higher costs and the need to set up material guarantees,“ according to Bogdan Roșu, ARF head.
ARF’s representatives are cautious regarding the factoring market development in 2015, taking into account the economic slowdown in the second quarter, the status of the agriculture sector as well as the potential social measures specific to the pre-electoral period detrimental to capital expenses.
“We are cautious regarding the expectations for the rest of the year as this growth doesn’t yet ground on a sustainable and consistent economic growth,“ added Roșu.
(English version by Manuela Panescu)