While small- and medium-sized enterprises (SMEs) still prefer bank loans to regulate cash flow, companies are increasingly turning to alternative methods. Once alternative, factoring has been growing in popularity. Jiri Matula, CEO and general director of financial company Transfinance, who also acts as the chairman of the Association of Factoring Firms in the Czech Republic, talks about his sector's growing impact on SMEs and what he thinks about the country's growing reliance on credit products.
Factoring in the Czech Republic has become more popular over the past couple of years. Why do you think the growth occurred only recently?
