In a survey of 164 companies by Factors Chain International (FCI), Hansa Capital climbed nine places to number 43 in the list ranking the world's factoring companies based on the turnover from 2002 as compared with the previous survey.
Hansa Capital increased its market share in terms of turnover by 2.9 per cent to 51.4 per cent in one year. Its market share by factoring portfolio is 58 per cent. The survey by FCI listed 164 companies.
The sector's turnover rose particularly last year in certain central and eastern European countries including the Baltic States, where the turnover of factoring rose 57 per cent.
The volume of factoring in the Baltic States was Ђ2.2 billion in 2002. The factoring turnover of Hansa Capital during that period was Ђ1.1 billion, of which Ђ630 million was generated in Estonia, Ђ195 million in Latvia and Ђ276.5 million in Lithuania.
Source: Baltic News Service
