Almanach PZF 2016

ERIC TIMMERMANS
2015 : A year to remember in the World
of Factoring
The year 2015 was a year of historical importance for the global Factoring
Industry. Finally the two international associations, FCI and IFG formed
a Union and as from 2016 their operations and organizations have been
integrated in “FCI+”. The new organization has more than 400 members
in over 90 countries and offers enormous possibilities for the Receivables
Finance Industry to speak with one voice to the market and to regulators,
to open new Factoring Markets in emerging countries and to share best
practices for the Industry worldwide.
With a total Factoring Volume of 2.373 billion EUR, the 2015 World
Factoring Market showed a very low growth rate of only 1,1% compared
to 2014. This is primarily due to the decrease of turnover in greater China.
With a turnover of 1.557 billion €, Europe represented in 2015 two thirds
of the World Market in Factoring. The 28 EU countries alone realized in
2015 a total factoring turnover of 1.471 billion EUR which represents an
impressive share of 62% of the total world factoring volume. With an annual
growth percentage of 5,43% in 2015 and a penetration ratio (factoring
turnover related to GDP) of 10,16%, the EU performed much better than
the total world of factoring (1% of growth in 2015 and an average penetration
ratio of 4,36%). The most important markets in the EU are UK (377
billion EUR), France (248 billion EUR), Germany (209 billion EUR), Italy
(190 billion EUR) and Spain (115 billion EUR).