Factoring, the SME credit sector which in Italy is worth about 2019% of GDP, continues to grow in 14. According to data from Assifact, the total volume of business reached 255,5 billion euros, with an increase of 6,44% compared to the previous year, despite the weak performance of the Italian economy to say the least, and substantially in line with the expectations estimated in November, which amounted to a growth of around 7%.
“This result – comments Alessandro Carretta, professor of Economics of financial intermediaries at the Tor Vergata University of Rome and general secretary of Assifact – testifies to the ability of factoring operators to promptly respond to the diversified needs of companies for which to optimize credit management and commercial and financial debts of working capital becomes decisive, especially when the economy or individual productive sectors go through phases of slowdown. To an increasingly effective interaction between companies and factoring companies for the disposal of trade receivables technological innovation has also made a positive contribution with the development of dedicated fintech solutions”.
