Total turnover of Factoring Ceskй Sporitelny increased by almost 40 per cent last year and reached Kc22.5 bn., with a market share over 27 per cent and as a result became a market leader among companies belonging to the Association of Factoring Companies (AFC) in the Czech Republic.
Suppliers to the domestic market are mostly interested in receivables finance, debt collection and claim administration. According to the Rudolf Hanak, head of board of directors and general manager of Factoring Ceskй Sporitelnм, export orientated clients prefer insurance.
This explains why export factoring turnover of Czech businesses has increased to their foreign customers.
“Increased turnover by Kc0,5 bn from export factoring operations compared to 2003 reflects positive trends of rising export since joining the EU“, said Mr.Hantбk
Factoring Ceskй Sporitelnм is a member of the biggest chain of factoring organisations in the world - Factors Chain International (FCI).
