Revenue growth of BNP Paribas Factor GmbH well above industry growth
In the first half 2015, we reported a new sales record with EUR 7.8 billion and thus achieved a growth of 106 percent on the previous year (same period 2014: EUR 3.8 billion).
The entire German factoring market is also on track for growth. According to the German Factoring Association (DFV), this market has grown by 11.64 percent to EUR 100.5 billion in the first half of 2015. In the previous, it was still at EUR 90.02 billion. (The members of the German Factoring Association representing more than 98 percent of the organized factoring volume.) Growth driver especially with the 25 leading factoring companies was international business with 22.94 percent growth of export business to 26.85 billion and 23.36 percent growth of the import business to EUR 1.96 billion. With around 8 percent growth it brought the national factoring business to EUR 73.65 billion.
The sales increases are also due to ever increasing numbers of customers. Compared to last year's growth of 5.67 percent to 19,200 customers is recorded here. This is an indication that factoring is also used as an effective means of corporate financing in times of low interest rates, especially in the SME sector.