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 2014 by almost 7.5% to over €1.37 Trillion.

This higher rate of growth compared to the previous year clearly outstrips the increase in GDP in Europe as a whole and 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 recovery. More than 160,000 businesses are now benefiting from combined funding in excess of 170 Bn Euros.

With factoring and commercial finance now representing around 10% of EU GDP, this is a powerful and important contribution to EU economic development and success.

John Gielen, Chairman of the EUF, noted: "Once again, we have seen the growth of the Industry turnover demonstrating a strong signal of the importance and value of this type of funding. We in the Industry are delighted to see this successful contribution to economic growth and recovery. We look forward to continued contribution to building financial strength as more and more people become aware of the real benefits that this funding provides".

EUF has sent its Position Paper in response to the FSB’s 1st Consultative Document on the Assessment Methodologies for Identifying NBNI G-SIFIs

EUF has sent its Position Paper regarding the European Banking Authority's report on the revision of the term "credit institution"


EUF has published its response to European Commission’s Green Paper “Building a Capital Markets Union”

EUF has sent a position paper to the European Central Bank related to AnaCredit.