The third largest bank in Romania in terms of value of assets, BRD, announced on Thursday (17 May) that factoring operations reached 1.1 billion euros in 2017, representing 24% of the total market. BRD reported a 38% increase in volume through factoring and supply chain financing operations, compared to the market increase of only 13% (year-on-year basis).
"The Bank recorded a positive development in both domestic factoring operations (+ 23%), which represents 80% of the total portfolio and international factoring, especially the export factoring (+41%)”, said the press release.
