Author: jeannabarringer

CaixaBank reaches its highest volume in factoring and reverse factoring and becomes market leader in Spain

• The bank grew 2.6% compared to the first half of 2020 and reached a market share of 29%. • The company has implemented important technological developments, which have led to growth in this sector. CaixaBank closed the first half of 2021 with more than 27 billion euros of turnover in factoring and reverse factoring (payment and collection management), 2.6% higher than the same period last year and the highest figure achieved thus far. This growth makes CaixaBank the leader in Spain for the factoring and reverse factoring sector, with a market share of 29%. Reverse factoring is a financial ... Read more