Spain's factoring market has shown a remarkable, nearly 30 per cent, expansion year-end 2022 and a surge in activity after reverting to pre-pandemic levels in 2021, according to the latest figures by the Spanish Factoring Association (AEF).
This unprecedented market growth clearly shows the value of services and the critical role played by the sector in financing business activity. Almost one in every five euros of the Spanish GDP is transferred and managed through factoring and confirming, reports AEF.
