ABFA News

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Factoring and Commercial Finance grows again, supporting economic expansion in the EU

15 May 2017
Final analysis of data collated by the EU Federation for the Factoring and Commercial Finance Industry (EUF) shows that factoring and commercial finance volumes in the EU grew overall in 2016 by 6.2% to €1.5 Trillion.
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Local councils still take up to 38 days to pay suppliers

24 April 2017
The slowest-paying local councils took on average 38 days to pay their suppliers last year, says new research by the Asset Based Finance Association (ABFA). Payment times to suppliers by local councils have remained persistently high in the past year, with the national average dropping just 1% from 16.53 days in 2014/15 to 16.35 days in 2015/16*.
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ABFA represents the industry at the Business Show in May

10 April 2017
The show will include 170 interactive masterclasses and 250 seminars as well as their biggest line-up of guest speakers ever, including former Dragon Hilary Devey, winner of the BBC's Apprentice Mark Wright and Google's Head of Marketing Raja Saggi.
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Asset based finance seizes market share from bank overdrafts as vital source of funding for SMEs

28 March 2017
Asset based finance is increasingly taking market share from bank overdrafts as a key source of funding for SMEs. The ABFA explains that at any one time an average £9.5 billion was lent to small and mid-sized businesses in asset based finance in 2016 – up 3% from £9.2 billion in 2015. At the same time the amount of outstanding bank overdrafts decreased by 2% to an average £12.4 billion last year, down from £12.6 billion in 2015**.
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Success recognised at the 2017 ABFA Achievers Awards Dinner

22 March 2017
We were honoured to be joined by Members and Affiliates to celebrate the achievements of the industry's greatest students at the ABFA Achievers Awards Dinner on Wednesday 22nd March 2017 at the Royal Garden Hotel Kensington in London.
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FCI: 2016 Preliminary Global Factoring Statistics

14 March 2017
Preliminary world factoring statistics indicate that the Industry has overall held its pace with many markets showing significant continued growth.
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Asset based finance to businesses jumps 13% in a year to GBP22.2 billion

13 March 2017
Asset based finance to businesses is up 13% 2016 vs 2015, hitting an all-time high of £22.2 billion, rising from £20.6 billion the previous year.
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EU Factoring and Commercial Finance Federation in collaboration with FCI hosts 3rd Factoring Summit

31 January 2017
The EU Federation for the Factoring and Commercial Finance Industry (EUF) and FCI have hosted a highly successful third Summit in Madrid.
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