Banca Sistema continues to grow: volumes up 26% to 3.2 billion

Banca Sistema accelerates growth in Factoring volumes to + 26%

The double-digit growth of Banca Sistema factoring that it has achieved continues 3.2 billion euros of credits purchased at the end of September 2022, with a + 26%. Bank System is confirmed as primary operator in Italy in factoring in favor of the suppliers of the PA and consolidates the financing of tax credits. The factoring offerwhich represents over 70% of the revenues of the Banca Sistema Group and it is the very origin of the institute born in 2011 as a pioneer of the factoring of receivables from Public administrationsince 2013 also includes the financing of tax credits with quasi 3 billion euros of credits purchased to date.

Andrea TrupiaDirector of the Factoring Division of Banca Sistema, commented: “The growth of trade receivables and VAT receivables purchased, as well as numerous new customers active in various sectors, confirm the role of the Factoring Division of the Banca Sistema Group to support the needs of large, small and medium-sized enterprises, in particular suppliers to the Public Administration. The Banca Sistema Group he is alongside entrepreneurs on a daily basis by flexibly supporting i capital requirements working capital and improvement of the net financial position “

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