Assifact data: "The new rules on the settlement and write-off of the commercial debts of the regions in deficit are seriously unfair"
The Milanese institute has consolidated its Factoring activity, bringing the volumes of credits purchased beyond 5,5 billion euros. A new team specialized in servicing and paying agent activities was also created
Among the projects of the Factoring Association there is the target of small and medium-sized enterprises, for which the support of working capital can be fundamental
High numbers, which can be even higher "by leveraging simplification and digitization interventions". The general secretary of Assifact said on the sidelines of the Bankitalia meeting
The results of the Assifact-Kpmg survey presented in Milan. Companies are satisfied with the use of factoring. Asked to improve technological innovation and relations with the public administration
In 2022 factoring has grown again. Assifact has proposed new proposals for the PNRR to the Meloni government
The company aims to double in 2022 managed credits and margins. The parent company Gruppo Clessidra has completed the capital increase of 3 million euro
The mandate takes effect immediately. The new president Galmarini, vice president of the Euf since 2018, boasts a long experience in the banking and credit sector in Italy
Clessidra Factoring closes 2021 with a net profit of 937 thousand euros. Turnover of 247,8 million and credit total of 85,8. Capital increase from 3 million by June
The factoring business is growing in Italy. The encouraging numbers prompt Assifact to launch an in-depth survey of companies with Kpmg
Banco Bpm sells its share capital of the factoring company to Popolare di Sondrio for 75 million euros, which thus rises to 100% - The operation will be completed by the end of March
For the full year 2021, Assifact's estimates are positive. Despite the pandemic, factoring is growing again. Supply chain finance is also doing well thanks to reverse factoring and the innovative confirming service
The new reality, created on the initiative of CEO Filippo Cortesi and controlled by two British funds, already has 15.000 customers and has disbursed (in Italy alone) 300 million euros in loans to businesses.
The new entity is chaired by Federico Ghizzoni and specializes in financing companies with restructuring plans in progress and small and medium-sized enterprises with good industrial prospects but with difficulty accessing bank credit.
During the 2020 assembly, Assifact asked the Government for a new provision to expand the benefits of companies by focusing on factoring to relaunch the Italian economy and the business system. Galmarini reconfirmed as President of the Association for the next three years
According to Assifact, the business credit business grew by 2019% in 6,44 to 255,5 billion euros.
The institute recorded further growth in volumes, exceeding the threshold of 2 billion in credits purchased and confirming itself as the leading operator in Italy in factoring towards the PA.
Turnover recorded an average annual growth of over 7% from 2008 to 2018 - 33.000 companies involved, 47% small and medium-sized.
According to the trade associations Assifact, Assilea and Assofin, new disbursements exceeded 338 billion euro last year: however, the trend is slowing down compared to 2016, when growth had been double-digit
In the European ranking, our country is in fourth place - In 2017 growth was 9,5%, but too long payment times still weigh on the production system: 56 days against the 34 of the EU average
The agreement concerns all the companies associated with FederlegnoArredo and requires Unicredit Factoring to make its product panel available, with particular reference to reverse factoring
Hamaui (Assifact) at the conference on Supply Chain Finance of the Milan Polytechnic Observatory: “Technological innovation increases efficiency, reduces costs and allows reaching new customer segments. But it is necessary to avoid competitive disparities”.
Turnover increased to almost 222 billion euros, equal to about 13% of GDP - Compared to December 2016, outstanding loans (+2,19%) and advances and fees paid (+1,40%) also grew ).
Assifact, the Italian Factoring Association, and the Supply Chain Finance Observatory of the School of Management of the Milan Polytechnic announce the launch of a joint research on the innovations and evolutions of working capital financing solutions from a fintech perspective.
As at 31 October, the increase in the turnover of factoring, a business that is worth 13% of GDP, compared to the first ten months of 2016 is equal to 11,76%, according to preliminary estimates by Assifact.
In its October meeting, the Board of Assifact, the Italian Factoring Association, proceeded to appoint the new Vice Presidents until 2020.
According to the data presented by Assifact, Italy is now the fifth largest market in the world: operators forecast a +7,8% at the end of 2017 for a business worth 12% of GDP.
Press lunch on Friday 23 June in Milan at the Assifact headquarters: market data and new top management appointments.
In March, the indicators confirm the 2017 growth, at least in the first quarter, and the positive trend continues for leasing volumes (+12,2%) and factoring performance (+30% compared to 2016).
The volume of business grew by almost 10% in 2016 - Outstanding loans (+6,12%) and fees paid to companies (+8,43%) also grew strongly - Non-performing loans and receivables levels deteriorated they remain contained…
According to the latest edition of Banca Ifis Market Watch, factoring and leasing have grown in the last few months of 2016 - Net NPLs on the rise, as have deposits in the corporate segment
Operators estimate a closing of 2016 at +5,58% - Growth forecasts also for 2017
According to Assifact's monitoring, the implementation of the 2011 European Directive on late payments is still proceeding slowly - Thanks to the reduction of legal impediments, the assessment of the Public Administration improves, while the perception of payment times worsens between…
Existing credits and advances disbursed also increased sharply with the overall business volume - Confirmed the positive forecast for the end of 2016 as a whole: +3,24%.
Half-year data on the factoring market released by Assifact - Even better forecasts for the end of the year: +3,3%. Non-recourse transactions represent more than 70% of the total
According to Assifact, in 2015 factoring activities in Italy grew by 4% in relation to a turnover of approximately 185 billion euros and should rise by a further 3,90% in 2016
The assignment of credits has also been relaunched at European level as a less risky financing channel for small and medium-sized enterprises. Galmarini (Assifact): "Harmonize regulations and controls in Europe, eliminating disparities between countries".
The latest Forefact report, dated November 2015, reports the results of the survey conducted in October among Assifact shareholders: signs of recovery of the Italian economy are also coming from factoring - Growth of 2015% in the first nine months of 5,45 %.
China confirms its first place in the world in factoring with a turnover of 406 billion euros - Italy ranks fifth with a turnover of 183 billion euros and, according to Assifact,…
The shareholders' meeting of Banca Sistema, an institute specialized in factoring on receivables from the Public Administration, decided to list the company on Piazza Affari - Banca Sistema achieved a consolidated profit of 2014 million in 19 (5…
Forecasts for 2015 are also oriented towards positive values: operators express an expectation of average market growth of 4%-5% on an annual basis.
The requests of Assifact, the operators' association, have been accepted: the obligation to verify and register the data of the subjects whose debts have been assigned in the Single IT Archive has ceased. Assifact general secretary Alessandro Carretta: "The changes do not compromise the effectiveness of anti-money laundering…
Gross premiums, result of the technical account and insurance commitments for SACE increased, however claims increased and net profit decreased in the first half of 2014. In general, a positive balance. The product portfolio expands and with Trade…
Rony Hamaui, CEO of Mediofactoring of the Intesa Sanpaolo group and professor of Monetary Economics at the Catholic University of the Sacred Heart in Milan, is the new President of Assifact, the Italian Association for Factoring which brings together operators in the sector.