Hungary factoring market grows 35% in H1

Tourism

Gross turnover of factoring companies in Hungary rose 35% to HUF 550.7 bln in the first half from the same period a year earlier, the president of the Hungarian Factoring Association said today.

In 2014, factoring market turnover rose 14%, mainly on the back of a single new bank-owned factor, said Ferenc Csáki. This year, growth is expected to accelerate, he added.

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