Polish factoring business grows in 2012
January 11, 2013
Polish factoring companies united in Polish factors' association PZF recorded PLN 81.8 billion turnover in 2012, up by 21.9% year on year, and expect "equally successful" 2013, the PZF officials said at a press conference.
"The year 2012 market another significant increase of the industry," PZF official Miroslaw Jakowiecki said. "I hope the year 2013 will be equally successful".
Raiffeisen Bank Polska remained the leader with PLN 16.06 billion turnover in 2012 and a 19.6% market share, Pekao Faktoring came in second again with turnover hitting PLN 13.04 billion (15.9%), while ING Commercial Finance remained third with PLN 11.4 billion turnover and a 13.9% market share.