KUKE Finance joins the Polish Factors Association
In September 2014, KUKE Finance has become a member of the Polish Factors Association.
Polish Factors Association (PFA) was founded in November 2001 and federates the largest factoring companies active on the Polish market. Currently PFA has 22 members, 4 of which are commercial banks, and the rest are independent entities specialized in offering factoring services. The turnover for 1Q-3Q 2014 of factoring companies associated within PFA stood at PLN 81 billion, growing by 16% compared to same period in 2013. During this time factors financed nearly 4 million invoices for over 6 000 clients.
The activities of PFA focus on promoting factoring services in Poland, lobbying for change in the legal environment, working for establishing common standards for factoring services, as well as educating about the benefits of factoring. PFA is also a valuable forum for the exchange of information and know-how between its members.