Factoring firms with a 16.7% turnover increase - PZF

Polish factoring companies had a 16.7 percent increase in turnover to PLN 185 billion last year, factoring lobby Polski Związek Faktorów (PZF) announced. Their customer base grew by 12.6 percent y/y to 9k, and they financed over 10 million invoices The biggest companies in the sector include ING Commercial Finance (PLN 27.79 billion in turnover), BZ WBK Faktor (PLN 23.36 billion), and BGZ BNP Paribas Faktor (PLN 18.63 billion). “We are becoming an increasingly important partner for Polish entrepreneurs. Our offer allows them to quickly and easily meet the most urgent needs related to payroll payments, covering social insurance, and fulfilling tax obligations. Thanks to our financing, entrepreneurs can implement them without any problems, despite long payment deadlines for issued invoices,” said Dariusz Steć from PZF.