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Banca Sistema: factoring volumes + 18% in the second quarter

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Banca Sistema reaches 1.652 billion euros of purchased loans as at 30 June 2021, growing in terms of volumes in the Factoring sector by 18% Q2 2021 vs Q2 2020 and by 15% y / y. The factoring offer represents over 70% of the Banca Sistema Group’s revenues.

The growth trend confirms the lines of the Group’s strategic plan which envisages a target of annual factoring volumes by 2023 of 4.8 billion euros (CAGR 2020-2023: + 16%) and a target of loans by 2023 of 2, 6 billion euros (CAGR 2020-2023: + 20%).

Andrea Trupia, Director of the Factoring Division of Banca Sistema, commented: “The numbers recorded confirm the role that the Banca Sistema Group continues to have in the Factoring sector by flexibly supporting the working capital needs of companies, in particular suppliers to the Public Administration, but also in the made in Italy and football sectors where, with the purchase of credits deriving from television rights or the sale of players, about one third of Serie A and Serie B football clubs are our customers. “

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