Discover the EUF Summer Newsletter 2024 Highlights include: Welcome from EUF Chairman, Fausto Galmarini EU-legislation regulating late payments – quo vadis?, Magdalena Wessel Still on the growth path – 2023 factoring figures, Magdalena Ciechomska-Barczak The new ESG Committee, Antoine de Chabot Winds of Change in Europe for Factoring?, Diego Tavecch...

According to the latest figures, the European factoring industry experienced continuous growth in 2023, but at a slower rate compared to previous years. The total factoring turnover for European countries reached 2 trillion 44 billion euro, with a year-on-year growth rate of 2,1%. While this growth rate is among the lowest recorded by the EUF since data collection began, it is a sign ...

On 21 and 22 March, FCI and The EU Federation for Factoring & Commercial Finance (EUF) hosted the 9th EU Factoring Summit in Vienna, Austria. This ninth Summit provided a unique opportunity for Industry Leaders to network and address topics that matter to the Factoring Industry. The programme addressed the latest updates and promoted the impact of the Factoring and Commercial Finance Indust...

Mr. Fausto Galmarini, a member of the Executive Committee of Assifact, the Italian Association for Factoring, has been re-elected as Chairman of the EU following a vote by the EUF’s Executive Committee, which met on 21 March 2024. His mandate takes effect immediately for a period of 2 years.   Galmarini has been working in the banking and credit sector in Italy, assuming various...