Turnover of factoring companies up by 16% y/y in 2019
19:36
Turnover of factoring companies in 2019 amounted to PLN 281.7 billion, which gives an increase of 16 percent y/y, the Polish Factors Association (PZF) informed.
"The sector's growth dynamics at the end of the year slowed down due to changing legal conditions and deteriorating macroeconomic situation,“ PZF stated.
PZF reported that currently, 18,000 companies use services of factoring entities from the association.
(PAP)
