In Q1 2016 Bank Millennium financed more than 170,000 invoices and finished the Quarter with a 10% market share. Over half of the turnover was generated in factoring without recourse, which means the popularity of this solution continues to increase.

- The record-high turnover in Q1 2016 is largely the result of hard work last year, when sales of new limits reached the impressive figure of 1,4bn PLN. Despite a tougher economic and legal environment, which appeared in the first quarter we still succeed in growing our portfolio of factoring customers. The key to establishing a durable relationship with customers is transparency. Our pricing proposal has been extremely simplified, we do not use fee and commission tables or hidden fees; all prices are described under a few items. Thanks to this businesses can be confident that they are concluding transactions under clear-cut terms and conditions - Tomasz Domagalski, Head of Sales Sub-unit in the Factoring and Trade Finance Department in Bank Millennium said.

Bank Millennium offers many factoring products as well as comprehensive solutions spanning them. In this way customers are provided with full servicing of liabilities with reverse factoring followed by financing of receivables with use of classic factoring. In 2016 the bank continues its efforts to increase its share in factoring without recourse, first of all in the form of factoring without recourse, with insurance.