Report - Prepared on: November 2013

Recession is good to Factors

In 2012 turnover in the factoring industry increased by more than 20 percent. The goal for this year is to maintain double-digit growth, but this will require getting down to the nitty gritty.

Last year, the factoring market in Poland went through the roof. Companies affiliated to the Polish Factors Association (PFA) reported a 22 percent increase in turnover which exceeded 80 billion zł. The Association estimates that the turnover of the entire Polish factoring industry amounted to over 100 billion zł. This means that over the past four years the market doubled in size. In 2009, turnover stood at to 51.4 billion zł.

What are the results of individual factoring companies operating in Poland? Which are growing most rapidly? Which are losing market share? What are the trends on the factors market in Poland?