France’s factoring market growing more slowly in 2023

France’s factoring market grew more slowly in the first half of 2023 than in the first half of 2022. Even so at 6.4 per cent it was well above the country’s growth in GDP. Also, for the first time in many years the growth in France’s international factoring market was somewhat less than the growth in domestic factoring. France is now Europe’s largest factoring market, having outperformed Germany in 2022, and the world’s second largest after China. These are some of the findings of a new report on the state of the French factoring industry published by the ASF (the French Association of Finance Companies).  The report was prepared by Ndéye Maréme Diagne.

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