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Register for the 6th EU Factoring&Commercial Finance Summit

Due to the COVID-19 (Coronavirus) situation in Italy, we are obliged to cancel the summit. We will contact the registered attendees by email to explain the situation.

Registrations are now open for the Sixth EU Factoring and Commercial Finance Summit organised on 30-31 March 2020 by the EUF and FCI. The Summit is the only European Conference organized by the Factoring Industry for the Factoring Industry.

The programme will address the latest updates, promoting and celebrating the impact of the Factoring and Commercial Finance Industry which supports the real economy and employment in Europe.

 

WHO SHOULD ATTEND? 

CEO's, Senior staff, Managers or Executives who needs to be up-to-date with the latest trends and developments in the European Factoring and Commercial Finance Industry.

 

WHAT IS THE OBJECTIVE?

FCI and EUF represent over 98% of all European market players. This sixth Summit is a unique opportunity for Industry Leaders to network and address topics that really matter for the Factoring Industry.
 

Register now on FCI website!

 

We hope to see you in Rome!

Rome 154341318

Press Release: EUF Whitepaper is now available

Press Release: EUF Whitepaper is now available

The latest version of the EUF’s Industry Standard Whitepaper has been updated and published with the finalised market data for 2018.

The EUF decided to create a document that would effectively communicate the nature, purpose, size and shape of the Industry to interested stakeholders and why it should be treated with consideration to its specific nature. The EUF’s first unique Whitepaper on the Factoring and Receivables Finance Industry was published in 2016.

The document proved to be a powerful tool and has been widely used and distributed as a clear description and introduction to our business. So in 2018, the EUF ExCom decided to update the paper and to seek to confirm the information and arguments still hold true.

Roundwindow was kindly asked to repeat the programme and the exercise was carried out during the summer and autumn of 2018, using a mixture of live data obtained from a large scale Europe-wide survey, corporate financial data and finalised with EUF statistics for the year end 2018.

The Whitepaper research shows that Factoring and Commercial Finance (FCF) continues to be a very low loss given default form of funding, and indeed that performance had improved even since the first iteration of the survey in 2016.

Other findings in the research include that FCF:

  • has a demonstrable track record of growth with €1.7 Trillion client Turnover in 2018 – up 7.9% on 2017 and 7.4% CAGR over last 10 years, 
  • is funding on a scale that is material to EU GDP, demonstrating GDP Penetration of 11% across the EU 28, with €240 Billion advances on €310 Billion security, 220 Thousand clients and in the order of 200 scale providers across the Region.

In addition, the study highlights:

  • the three key areas of activity are manufacturing, services and distribution, representing around two thirds of numbers and three quarters of turnover and advances 
  • that the Industry continues to support all sizes of business, form SME to Large Corporate.

For Françoise Palle-Guillabert, Chair EUF, “The White Paper is a masterpiece in EUF communication. It demonstrates that the European Factoring and Commercial Finance is a real success story, with very low loss levels. From a regulator’s perspective this implies that this form of funding should be associated with a lower risk weighting and a lower cost of capital”.

The full report can be found here.

 

Press Release: Factoring and Commercial Finance continues to grow

Factoring and Commercial Finance continues to grow -

This important provider of finance to the EU real economy maintains growth

Data collated by the EU Federation for the Factoring and Commercial Finance Industry (EUF) shows that in the first half 2019 factoring and commercial finance volumes in the EU grew by 9.3% from 2018 to €896 Billion. That represents 11.2% of EU 28 GDP This continued growth again clearly outpaces the subdued increase in GDP across Europe 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. The EUF is delighted to be able to share this success story which is about real growth, real employment and demonstrable business success.

Mrs Françoise Palle-Guillabert, Chairman of the EUF, noted: "Following the impressive growth for our Industry in 2018, I do appreciate to report this continued success in building support for businesses right across the spectrum within the EU28. Factoring and Commercial Finance is a real contributor to economic development and these results again reinforce our message to legislators and regulators: in delivering European wealth creation, this Industry has a key role to play.”

EUF stats 2019 half year

Factoring and Commercial Finance 2018 Full Analysis

Factoring and Commercial Finance grows again -  providing real support to economic performance in the EU

Final analysis of data collated by the EU Federation for the Factoring and Commercial Finance Industry (EUF) shows that in 2018 factoring and commercial finance volumes in the EU grew overall by 7.9% to €1.73 Trillion, 80% of which was domestic business and 20% international.

This rate of growth again clearly outpaces the increase in GDP in Europe and demonstrates clearly 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.

Over €240Bn of funding is supporting around 220,000 European businesses.

With factoring and commercial finance now representing around 11% of EU GDP, this is a powerful and important contribution to EU economic development.

Mme Françoise Palle-Guillabert, Chairman of the EUF, noted: "Another year of continued impressive growth in our Industry yet again highlights the increasingly important role we have in financing the real economy right across the European Community. It’s a very satisfying outcome for our Industry members who support so many European businesses in their development and expansion. It also reinforces our message to legislators and regulators that this Industry has a key role to play in delivering European wealth creation. Thanks to these good results, European factoring represents almost 2/3 of the world market and confirms its world leader status ”

ENDS 24.05.2019

Notes to Editors

The EUF is the Representative Body for the Factoring and Commercial Finance Industry in the EU. It comprises national and international industry associations that are active in the region. Its members represent 97% of the Industry turnover.

The EUF seeks to engage with Government and legislators to enhance the availability of finance to business, with a particular emphasis on the SME community. The EUF acts as a platform between the Factoring and Commercial Finance Industry and key legislative decision makers across Europe, bringing together national experts to speak with one voice.

Data has been adjusted to ensure that currency exchange rate fluctuations do not distort the results.

For more information and full data analysis:

See our website:                                     www.euf.eu.com

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