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May 17, 2021

UniCredit Bank registers 31.65 pc factoring volume growth in 2015

+ UniCredit Bank registered in 2015 a factoring volume of EUR 886 M, up by 31.65 percent year-on-year, a volume that represents a historic high for the company


The segments that contributed significantly to this result were: metals, chemicals, water and recycling (23 percent of total, up by 55 percent compared to 2014), auto vehicles and equipments (11.5 percent), agriculture, fishing and food products (10 percent). The fast-moving consumer goods (FMCG) segment was fifth, with 7 percent of the total volume, but registered a growth of over 60 percent year-on-year, generating the most balanced portfolio from the standpoint of the risk taken, its dissipation but also of the growth potential.

The forestry, wood processing and constructions segment contributed the most to UniCredit Bank’s factoring volume in 2015, representing 29.5 percent of total volume. Although public investments, and large infrastructure projects in particular, were one of the factoring market’s main engines of growth up until 2012, it continues to leave much to be desired in terms of scope and numbers.

“In what concerns the projects carried out with public entity debtors, what stands out is the reduction of contractual payment deadlines but also the improvement of the overall payment behaviour (reduction of delays) following the coming into force of Law no.72/2013 on combating the delays in meeting payment obligations included in contracts. There is still room for optimization, with there still being extreme cases in which payment delays risk affecting the entrepreneurs’ relation with subcontractors, but also the latter’s financial stability,” UniCredit Bank Factoring Department Chief Alecsandra Valasuteanu stated.

UniCredit Bank offers a complex package of factoring products: regression and non-regression internal and export factoring, import factoring, independent collection services, reverse factoring (also known as supply chain financing). In 2015, internal factoring operations held the biggest share of circulation (77 percent of total debts managed). The circulation registered at the level of non-regression export factoring grew by 11 percent, while circulation at the level of import factoring grew by 10 percent year-on-year. Internal non-regression factoring was the star product in 2015 too, registering a year-on-year growth of 76 per cent, growth based mainly on reverse factoring transactions.

UniCredit Bank’s factoring packages are available for companies of any size (from small and medium-sized to multinational companies), located anywhere in Romania, which buy or sell due-date products or services, irrespective of the industry they are active in.

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