The Russian factoring market experienced a slowdown in growth in 2024, which was particularly pronounced in the fourth quarter. For the first time in the last ten years, the increase in indicators did not reach double digits. Factoring, as a financial tool, helps companies receive money for deferred payment deliveries, which makes it important for business.
According to the Association of Factoring Companies (AFC), published in Kommersant, the market turnover in 2024 amounted to 10.5 trillion rubles, which is 36% more than in 2023 (7.7 trillion rubles). The portfolio of factoring companies increased by 31% by the beginning of 2025, reaching 2.96 trillion rubles.
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However, in the fourth quarter of 2024, market volumes decreased by 5% compared to the third quarter. For comparison, in the same period of 2023, there was an increase of 24.6%. Basically, experts attribute this to the increase in the base rate of the Central Bank, which made the cost of borrowing significantly more expensive for businesses.
AFK expects the factoring market to increase by about 23% in 2025. Despite the slowdown, this tool remains important for businesses, especially in conditions of limited access to traditional credit resources.
Earlier, we told you that the Government of the Russian Federation has established the possibility of applying floating loan rates for small businesses in certain sectors of the economy.
