Czech factoring grows 14 per cent in 2011


The Czech Association of Factoring Companies has released their 2011 factoring market results. Czech factoring companies funded receivables amounting to CZK 128 billion last year, according to a report by the Association of Factoring Companies CR (AFSCR), which represents growth of more than 14 per cent over 2010 (CZK 112 billion). Commenting on 2011 results, Tomas Moravek, member of the board of AFSCR and CEO of C


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