Market Performance and Supply
Factoring remains a relatively small provider of working capital, with bank overdraft facilities remaining the primary source of financial support for commercial enterprises. Factoring represents about 1% of total bank lending.
It is positive to note, however, that within the financial services sector factoring is viewed as a financing mechanism with great potential. This view is borne out by the relative success of the factoring houses linked to the four major banking groups in developing awareness of their product range amongst their group’s commercial banking client base.