Factoring is a financial service for the Clients who sell the products/services on credit account terms. With factoring the Client can speed up the turnover and improve cash flow by providing an intermediate injection of cash against the outstanding invoices.

Please fill out the form on the left, and mail it to us. Our Client Manager will contact you immediately.

Mirosław Jakowiecki,
President
of Pekao Faktoring Sp. z o.o.

The financial results of Pekao Faktoring in past ten years made the company the leader in Poland. As the Company realizes the process of Clients' portfolio diversification since two years, the turnover will continue to growth. In the first three quarters of 2007 the Company serviced factoring transactions to the value of EUR 730 m, 11% more than in 2006. We are the unquestioned leaders of international factoring in Poland. The turnover of international factoring transactions at the end of 3Q reached EUR 246 mln, 105% of 2006.

The Polish economy remains very healthy. The national product grows 6% year on year, and this is an conducive factor for factoring industry (factoring makes up 1,8% of Polish PKB.) Factoring companies' turnover grows at the rate of 18% year on year.

The economic environment does not impact the company at all. Our Clients' portfolio is stable and covers the whole territory of Poland.

I am very glad observing the growth of Polish export. For my company it is a forecast of the boom in serviced international factoring transactions.

The coming year, 2008 is going to be extremely important for Pekao Faktoring - this is our tenth anniversary. I am satisfied looking back over the years. Pekao Faktoring was an active creator of factoring industry in Poland. Our impact to the content and the quality of factoring facilities is very strong. The volume of sales during the past years was always the highest compared to other Polish factoring companies, Pekao Faktoring has been the leader since 2000.

The economy in 2008 promises well, so is the business outlook. I am concerned Polish currency will get stronger (appreciation can be a barrier for Polish export) for as I already said, international factoring is the significant part of Pekao Faktoring's portfolio.
I expect the factoring industry will go to the next stage of development and we'll welcome new players onto the market and competition become stronger.

People is the treasure of my company. Realizing the personnel policy I ask the staff to aim for - of becoming the most highly motivated team of professionals one can find on the market.

I use a system of continuous training. All of the staff are under the system of on-the-job and external trainings. Such a system increases the development of knowledge and skills. I think it's the best system of training factoring staff in Poland.
Sales growth: I would like to encourage the growth of international factoring services and to keep the leader's position in Poland, of course.