Poland

The Polish factoring market is now the biggest in Central and Eastern Europe, and ninth biggest in Europe overall. Growing at over 20 per cent year-on-year and showing considerable potential. Magdalena Barczak, CFO, Proxy at Pekao Faktoring Poland has provided trfnews.com with an update on the market...

Turnover of members of the Polish Factors Association (PFA) grew by 15.54 per cent last year.

Significantly more companies apply for external funding, according to the latest edition of the survey of small and medium-sized businesses, according to the Bibby MSP Index, developed by Bibby Financial Services.

PFA posts PLN70 billion in volume in Q3. 

Spain's Banco Santander could expand further in Poland through a takeover.

Andrzej Zbikowski, CEO, ING Commercial Finance Polska, provides an overview of the Polish factoring market for the World Factoring Yearbook 2013, covering industry environment, market performance, supply and future trends.

A recent study by the European Leasing Fund of the Credit Agricole Group shows that the market has been hit by payment delays.

Factoring is used by 12pc of the Polish SMEs, with 86pc saying they won t need in future.

PFA posts Polish factoring industry s six monthly results.