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Czech News in English » Business » Assigned claims of ČSOB Factoring totalled CZK 23.8bn

Assigned claims of ČSOB Factoring totalled CZK 23.8bn

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In Q1-Q3 2016, ČSOB Factoring reported a 3% increase in the volume of claims assigned within factoring transactions to CZK 23.8bn. Local factoring accounted for 64%; factoring with regress made up 72%. The company co-operates with all ČSOB branches within the Group that serve corporate clients. This information was provided to ČIANEWS by the board chairman and CEO, Tomáš Morávek, who added that the biggest success was in the fact that the company had managed to maintain the costs of risk at the planned level. In 2017, ČSOB Factoring will focus on further streamlining of processes and on the improvement of claims administration.

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