Romania’s factoring market increased approximately 8 percent in H1 2024 compared to the same period of 2023 to an overall EUR 4.33 billion, shows a market survey by the Romanian Factoring Association (ARF) .

„In mid-2023, the factoring market stood at EUR 4 billion and reached EUR 8.3 billion at the end of 2023, up 10 percent compared to 2022. One of the explanations for this increase resides in the high level of trust of the companies that access this type of financing, as the benefits are obvious both for supplier businesses and for the companies that have to pay for the services or products purchased from them, the beneficiaries. By factoring types, an important contributor to this year’s market result is reverse factoring, which generated almost half of the general mid-year growth. Actually, we can say that in the last 10 years reverse factoring played an essential role in rendering the market dynamic and in substantially driving up annual volumes,” said ARF president Bogdan Rosu, as cited in the release.

Survey data reveals that the FMCG sector is the top user of factoring solutions, representing 17 percent of the total domestic factoring operations, with over EUR 636 million. In the second place are the companies from the field generically called ‘Vehicles, Machinery, Equipment’, with factoring operations worth EUR 516 million, 14 percent of the total. In the third place are IT&C companies with EUR 429 million, specifically 12 percent of total operations.

As far as export factoring is concerned, companies in the field of ‘Metals, Chemicals, Water, Recycling’ account for 56 percent of the total volume of such financial arrangements, with approximately EUR 300 million, whereas in 2023 the level was EUR 275 million.

AGERPRES