BUDAPEST: 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.