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Factoring KB came to be a number one in the Czech market in the first quater

Prague, 5/6/2016

Factoring KB came to be a leader of the factoring companies in the Czech Republic in the first quarter of this year. In the first three months of this year Factoring KB reached a total turnover of almost 7.9 billion CZK, with a market share of 27% (year-on-year by 7 percentage points growth). The latest data was published by the Association of Factoring Companies.

"Our results for the first quarter of this year followed the best ever trading period, which we recorded in the past year. It also brought us in the head of factoring companies in the Czech Republic. The basis of our success is in addition to belonging to a multinational group Societe Generale as well as the client cooperation development with clients from all market segments," said CEO and Chairman Adam Fiedler.

The largest share of purchased receivables - 64% was achieved in domestic factoring. Export factoring accomplished 34% and import scored nearly two percent. KB Factoring provides factoring services including purchase, administration, collection and financing of receivables, inclusive of the assumption of risk in the range of insolvency, respectively unwillingness of domestic or foreign debtor.


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