The Italian factoring market is the second largest in Europe, it covers about 25 per cent of the European turnover and is quite different from other factoring markets due to the higher proportion of non-recourse products.
The current economic crisis and the new capital adequacy requirements that will be shortly imposed by Basel II have stressed the awareness that capital is a scarce resource to allocate while complying with two fundamental requirements: maximize
Banca Intesa and SACE have signed an agreement for Intesa Export to allow Italian exporters to have access to unsecured medium-term financing on particularly competitive terms