The factoring market in Romania reached the level of EUR 5 billion in 2020, matching the performance recorded in 2019 after robust growth in previous years, according to a study by the Romanian Factoring Association (ARF).

"Given the completely extraordinary economic context of 2020, we consider this stabilization a positive one, above expectations," the ARF representatives said in a press release.

The most significant market segment (42%) was formed by companies with a turnover between EUR 5 and 50 million. The bigger companies accounted for 36% of the market while the smaller companies for another 22%.

Reverse factoring recorded an increase of over 35% compared to 2019, reaching almost EUR 1.8 bln of total the receivables managed, contributing to the overall growth in the volumes of domestic transactions.

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andrei@romania-insider.com