Romania's factoring market, up 15.5% in the first six months

The local factoring market rose by 15.5% in the first six months of the year, to EUR 1.75 billion. The highest increase was recorded by the domestic factoring, with an annual advance of 20%, up to EUR 1.35 billion. Reverse factoring, a relatively new product in the market, had an important share in the domestic factoring. The product operates well in the relationship between the Key Accounts and their providers, said Bogdan Rosu, president of the Romanian Factoring Association (ARF). The financing via reverse factoring exceeded EUR 364 million in the first six months of the year. Meanwhile, the export factoring grew by 28%, reaching a level of around EUR 338 million. The construction sector, as well as the fast-moving consumer goods sector had the largest contributions to the domestic factoring. editor@romania-insider.com