The Russian factoring market in 2008: You need change to survive
Euphoric extensive growth at the factoring market is history. Factors
need change to survive under present circumstances - by way of modifying
risk-management and business-processes.
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Factoring: the first half of 2008
To spite records and elements: problems in financial sector did not
prevent the Russian factoring market from growing by 82.1% in the first half of
2008 against similar period of 2007. Factor-transferred financial demands
within the first half of 2008 amounted to 345.8 bln rubles. Speedy turnover of
factoring business helped to adapt policy of placing and attracting resources
to new conditions without any deceleration.
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Business handbook Factoring in Russia
Expert RA Rating Agency prepared the second edition of business handbook
Factoring in Russia. According to results of the research, conducted by the
Agency, Russian factoring market kept on rapidly developing in 2005. According
to Expert RA analysts, total volume of the Russian factoring market is about
USD 5.5-5.8 billion. Thus, market gain for 2005 was 80-90%. The share of
factoring transactions in GDP amounted to 0.9%
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