Datos Estadisticos EUFEDERATION
Datos estadísticos - Eufederation 2011
Strong growth in the support Factoring and Commercial Finance provides to EU business
Figures collated by the EU Federation for Factoring and Commercial Finance show that despite the difficult European economic environment, robust Industry growth continued throughout 2011.
Factoring and its associated financial solutions provide a flexible and cost effective form of finance to support the working capital requirements of business.
The overall volume of turnover transacted in the EU 27 grew strongly, increasing by 15% to reach a record level of €1.14Tn.
This level of client turnover also represents 9% of EU GDP, clearly reinforcing the increasing significance of this form of funding and service to driving the engines of the EU economy.
John Gielen, Independent Chairman, comments: “That growth continued strongly throughout 2011, despite the overall lacklustre state of European economies, demonstrably makes clear the increasing importance of this working capital source. SME businesses in particular but also larger corporate are increasingly turning to this type of funding, which they (and their advisers too) are recognising can meet their working capital needs effectively and cost efficiently. We expect to see further development in the market as this message is increasingly recognised and acted upon.”
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 currently represent 97.5% 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.
For more information:
See our website: www.euf.eu.com
|31 December 2011|
|4. TURNOVER VOLUMES - DETAILS|
|4.1 Turnover volumes by Country (Millions of €)|
|31 December 2011||Total||pct var. on the previous year (Total)||GDP Penetration||Market Share|
|Total EUF Members*||1.111.493||14,74%||9,33%||97,46%|
|* Pct variation has been corrected in order to avoid biases due to exchange rates fluctuation.|
|^ EUF Member|