Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

Factoring business to advance 30pc in 2008

Increasing funding demand from the local companies, particularly from small and medium-sized enterprises, as a result of a boost in commercial exchanges, might effect a surge in the local factoring business in excess of 30 percent, to more than 1.1 billion euro.

Urgent need for liquidity and recouping investment in a short time are increasing the interest of import-export companies in factoring operations, with many factoring operators expecting a doubling in their market shares and business turnovers. Director General Ryszard Lublinski of ING Commercial, the factoring arm of the ING banking group, says the company has projected a surge by over 200 percent in its turnover and an 8-percent rise in its market share. Market analysts are expecting large European players to enter Romania this year, which would improve access to factoring services. Commission fees charged for factoring services vary according to whether there are import/export factoring services and may go up to 2 percent of the nominal value of bills. The interest rates charged on factoring services compare to interest on short-term loans, and they are charged against the value funded by the bank of the factoring company involved. The Romanian factoring market is divided among Banca Romana pentru Dezvoltare (BRD), Banca Comerciala Romana(BCR), Raiffeisen Bank, UniCredit-Tiriac, ING, ABN, Amro, Banca Transilvnian and Romexterra. Sursa: http://www.rompress.ro

Tags: factoring business ing bcr euro brd

Articole similare