Poland

Italy's Unicredit will soon announce the make-up of the managing board of the Pekao bank after its merger with Bank BPH

Although the company is the leader of the sector, it does not mean that it will grow faster than the market. As a consequence, Pekao Faktoring may increase its market share by at least

Eurofaktor, the only representative of the factoring industry on the stock exchange, made only ZL1.1m (euros 284,500) net profits in H1

Katowice-based factoring company Premium is planning to enter the bourse at the end of 2006 or at the beginning of 2007

Polish factor, Factor in Bank, and Coface, the credit insurer, have linked up to provide a full factoring service for SMEs in Poland.

Polfactor, the Polish factor, has been noted as top factor in its country, based on a poll of members of the Factors Chain International (FCI).

Eurofaktor, which has focused on factoring services for big companies only, has acquired its first clients among SMEs and has financed the homebuilding sector

Poland's factors now have a re-branded association to represent the interests of the industry. The Polish Factoring Association is to be organised

The number of small- and medium-sized businesses in Poland has been expanding less and less dynamically since