ČSOB Factoring has posted for 1-3Q 2016 claims submitted as part of factoring transactions totaling CZK 23.8bn, up almost 3 % y/y. Domestic factoring accounted for 64 % of transactions while recourse factoring accounted for 72 %. Factoring company Bibby Financial Services expects its factoring turnover for the entire year 2016 to total CZK 3.3bn. In 1-3Q it increased 6.7 % to CZK 2.4bn. Domestic factoring accounts for 68 % of this total while recourse factoring accounts for 79 %. Factoring České Spořitelny has posted for 1-3Q factoring turnover (that is the volume of submitted claims) totaling CZK 23.1bn. The turnover of domestic factoring totaled CZK 15.3bn and accounted for 66 % of overall turnover. The turnover of recourse factoring totaled CZK 11.2bn, which is 48 % of turnover. This is based on a ČIANEWS survey.
Source: www.cianews.cz
