Invoice finance markets express cautious optimism over future
This week BCR Publishing is launching the 25-anniversary issue of its World Factoring Yearbook. Because of the COVID-19 pandemic, the past year has become one of the most challenging for the global invoice finance sector since the year 1996, when the book was first published. The market demonstrated a number of key developments, some of which were very different from before:
- 2020 factoring volume of €2,724 bn is a decline of approx. 6.6%
- Markets suppressed by governments’ financial support
- Significant variations between different Asian markets
- Sharp decreases in factoring volume in the Americas
- Concerns about rising levels of non-performing loans
- Corporate debts masked by temporary government support measures
Despite these tendencies, market players from most of the 40 countries participating in the Yearbook have expressed cautious optimism for the remainder of 2021.
Michel Bickers, Editor of the World Factoring Yearbook said “Since March 2020 the global factoring industry has experienced a period of great uncertainty. But optimism now seems justified as we traverse through 2021, with some markets beginning to see significant increases in volume.”
Featuring factoring statistics, market reviews and company directories for 40 countries around the world, the World Factoring Yearbook 2021 is an essential point of reference for the receivables finance industry.
For a full contents list or to order a copy, go to www.bcrpub.com
About BCR Publishing
Founded in 1992, BCR is the leading provider of news, market intelligence, events and training for the global receivables finance industry. Working with industry-leading organisations, experts, governments and universities, BCR delivers reviews, analysis and commentary on factoring, receivables and supply chain finance to a global audience.
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