Romanian lender BRD increases factoring operations by 5%

Local lender BRD recorded last year a 5% increase in the volume of factoring operations over 2013, to EUR 960 million. It also grew its market share by 2%, according to bank representatives. The 33% increase in the number of clients to over 600 triggered the volume increase. The bank manages over 2,000 seller-buyer relationships and over 300,000 invoices.

Almost three-quarters of BRD's total factoring operations were internal, and only 26% were international.

BRD had a market share of about 36%, as the local factoring market stagnated at around EUR 2.7 billion. editor@romania-insider.com