Factoring firms with 21% PLN 41.4 bln turnover in Q1

Polish factoring firms enjoyed a 21 percent increase of turnover to PLN 41.1 billion in Q1, factoring lobby PZF announced. “The Polish factoring market has been increasingly growing for eight years now. Our strength is our efficiency in solving disputes, which in turn increases companies financial liquidity,” PZF said. The number of clients using factoring increased to some 7.9k in Q1 from 6.8k in the prior year period, PZF data showed, with nearly 2 millions of invoices being financed. The average value of an invoice was PLN 21,000.