Strong turnover increase
The strong economic upturn in 2010 meant that our existing clients were able to post a significant growth in business. In addition to this, our new business proved to be very successful, too. Overall in 2010, Deutsche Factoring Bank saw its turnover increase by 32 %, or EUR 1,720 m, to EUR 7,059 m.
In 2010, the 26 leading factoring institutes belonging to the Deutsche Factoring-Verband (German Factoring Association) posted a substantial 38% growth in sales, equivalent to EUR 36.1 bn, to EUR 132.3 bn. This result was a rebound from the 7.3% decline in business in 2009 and was, in particular, due to the positive economic situation in 2010.
