The EUF is delighted to announce that it has published its second Yearbook covering the period 2016-2017.

In it you will find a wealth of information about the EUF, its work and achievements:

  • The Year in Review
    It’s been a period of development and change for the Industry and its outlook. Erik Timmermans, Chairman EUF and Francoise Palle-Guillabert, Vice Chairman EUF share their views and observations with John Brehcist, EUF Coordinator
  • Timeline 2016-2017
    We look at what’s been happening in the EUF and the impact of its activities
  • Highlights
    Amongst all the programmes we focus on a couple of the headline events, the 3rd Factoring Summit and the Annual Meeting
  • Statistics Summary
    Here we share our focus on the Industry statistics; size, shape and economic impact
  • Our Members
    The members of the EUF and their contact details
  • Meet the Executive Committee
    The members of the EUF and their contact details
  • Meet the Operational Committees
    The members of the EUF’s operations committees and their contact details

The Yearbook is available to download from here:

 

 

 

Joint Position Paper sent by EUF and Leaseurope on common rules for Insolvency

Final analysis of data collated by the EU Federation for the Factoring and Commercial Finance Industry (EUF) shows that factoring and commercial finance volumes in the EU grew overall in 2016 by 6.2% to €1.5 Trillion.

This rate of growth clearly outpaces the increase in GDP in Europe and again demonstrates the vital role factoring and commercial finance is playing in developing the real economy, providing principally SME businesses with much needed working capital. This success story is about real growth, real employment and demonstrable business success in supporting the ongoing recovery.

Around €200Bn of funding is supporting around 180,000 European businesses.

With factoring and commercial finance now representing around 10.4% of EU GDP, this is a powerful and important contribution to EU economic development and success.

Erik Timmermans, Chairman of the EUF, noted: "The continued growth in our Industry demonstrates again the vitally important role it plays in supporting the real economy in Europe. It’s great news for the Industry to be able to support so many European businesses in their development. It’s again critical that legislators and regulators recognize this Industry is a key contributer to wealth creation in Europe.”

 

Please find the Press release with turnover volumes by country here:

The EUF is glad to publish its latest Newsletter.

Highlights include:

  • Welcome from the EUF Chairman
  • Opinion Paper on EU factoring regulatory framework
  • Update from the Legal Committee
  • EU Factoring market in 2016
  • Factoring in prudential regulation

The Newsletter may be downloaded here:

EUF has sent the position paper on AML (re. beneficial owners):