Factoring providers achieved a 22 percent increase in turnover last year

By: Trademagazin editor Date: 2022. 06. 08. 11:18

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Factoring service providers achieved a 22 percent increase in turnover in 2021, the Hungarian Factoring Association told MTI on Wednesday.

Significant growth in factoring providers’ turnover

It is explained that the estimated total value of receivables purchased and financed by the participants of the Hungarian factoring market exceeded 4,000 billion HUF, of which the share of the members of the association was 3,935 billion HUF, more than 97 percent. (MTI)