Romanian lender BRD increases factoring operations by 5%
Local lender BRD recorded last year a 5% increase in the volume of factoring operations over 2013, to EUR 960 million. It also grew its market share by 2%, according to bank representatives.
The 33% increase in the number of clients to over 600 triggered the volume increase.
The bank manages over 2,000 seller-buyer relationships and over 300,000 invoices. Almost three-quarters of BRD's total factoring operations were internal, and only 26% were international.
BRD had a market share of about 36%, as the local factoring market stagnated at around EUR 2.7 billion.
editor@romania-insider.com
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