Poland

PKO BP and Nordea Bank Polska merge: factoring and leasing assets go to PKO Leasing.

Despite the challenges of micro business financing, Polish factors are getting more active in the field.

Nineteen factoring companies belonging to the Polish Factors Association (PFA) purchased the receivables of the value of EUR 4,85 billion in the first quarter of 2013, EUR 0.44 billion more than the same period last year meaning that the factoring market in Poland grew by 9.95 per cent.

Market experts shared their views on the development of Forfaiting in Poland.

On Thursday last week Factorscan published news on the growth of the factoring industry in Poland - PFA 2012 figures reveal further growth in Polish factoring market . Today we are happy to publish the full report on the Market provided by the Polish Factors Association...

Two thousand and twelve saw members of the Polish Factors Association (PFA) record a 81.8 billion zl turnover, almost a 22 per cent increase year-on-year.

In the first rated asset-backed securitisation deal since the financial crisis and the first such deal to be offered to local capital market investors in Poland, the EBRD is investing in senior bonds issued by Warsaw-based Getin Noble Bank to boost auto lending to individuals and small and medium-sized businesses.

Deutsche Bank PCB will unify its operations and credits via Tornado Process Platform, which also supports factoring lines.

The Polish government is to introduce new support measures for SMEs in the forms of state guarantees for working loans and enabling the use of pending VAT return as collateral for loans, according to Finance Minister Jacek Rostowski.

Members of the Polish factors' association PZF have recorded a PLN 38.26 billion turnover in the second half of 2012, up by 26.8 per cent year on year, according to a recent press statement.