28.10.2015
Factoring turnover increases in Bank Millennium
The 3rd quarter of 2015 saw factoring turnover in Bank in excess of PLN 3.43bn. As of the end of the 3rd quarter the Bank again scored a record high value of the factoring assets portfolio at PLN 1.813bn.
Total factoring turnover generated in three quarters of 2015 stood at PLN 9.627bn, with PLN 3.438bn of that amount attributable to Q3 alone. This result signifies an 11.7% growth over the same period of last year.
- We continue focusing on growing the factoring portfolio. Our proactive efforts resulted in the record-high level of assets at PLN 1.813bn. It is very important for us to react to the market’s needs and to create solutions, which meet unique business needs head-on. This is why we put the emphasis on flexibility and creativity. With this approach we are able to acquire many new clients and build lasting relationships. – Tomasz Domagalski, Head of Sales Sub-unit in the Factoring and Trade Finance Department of Bank Millennium, said.
Bank Millennium offers many factoring products as well as comprehensive solutions, which combine them together. Thanks to this it provides clients with complete liabilities service by way of reverse factoring, to be followed by financing of receivables with use of classic factoring.