Factoring companies to enter Czech Leasing and Financial Association
Members of Czech Factoring Association that combines the biggest factoring companies offering factoring services decided to enter the Czech Leasing and Financial Association (CFLA). The Czech Leasing and Financing Association (CLFA) have developed from the Czech Leasing Association. Originally covering leasing, two years ago the association also incorporated hire-purchase companies in its membership. Jiri Matula, chairman of the Czech Factoring Association told BCR: “After some months of discussions we, the Factoring Association, decided to join CLFA. In fact, each member of the Factoring Association will join CLFA individually. “The main objective is to form wide and strong platform representing interest of non-banking financial sector, however, FA will be used as a platform for our “factoring” discussions.” Source: BCR
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