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Factoring operations will exceed S/ 25 million this year

Factoring operations will exceed S/ 25 million this year

During January of this year, a total of 77,181 invoices were negotiated for more than S/ 1,891 million, which gave rise to the financing of 5,058 companies, reported the head of the Ministry of Production (Produce), George Louis Prado.

The official noted that 84% of these companies (4,248) were mypes, which is reflected in an average ticket per bill of S/ 24,000 nationwide.

It is worth specifying that this mechanism allows companies, especially micro and small, to access working capital by obtaining instant cash in exchange for their invoices; therefore, the detailed results –according to Produce– reflect the strength and dynamism of the market for negotiable invoices in the country, in line with the economic recovery process typical of the pandemic.

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Likewise, they are added to the S / 22,300 million reached during 2021, with a total of 908,030 negotiable invoices accumulated between January and December, 50% higher than that registered in the same period of the previous year.

“In this perspective, it is estimated that by the end of 2022 more than one million invoices will be negotiated for a total of S/ 25,000 million, which will represent a 12% growth in the amount negotiated compared to 2021,” the minister said.

In addition, he added that, between 2023 and 2025, the market will continue with its dynamism and will reach more than four million invoices negotiated for an amount close to S/ 120,000 million.

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More details

To date, there are 60 specialized factoring companies not included in the scope of Law 26702 that are operating in the market for negotiable invoices, which serve 30% of the demand under this type of financing, according to CAVALI, the Central Registry of Securities and Settlements.

“For this year, it is planned to train more than 2,500 companies through virtual financial dissemination talks, to which will be added the organization of macro-regional financial fairs and talks with leading experts in financial matters, in coordination with entities in the field and chambers of commerce. at the national level”, concluded Minister Prado.

They propose tax exemption for two years to Mypes affected by the COVID-19 pandemic

Source: Larepublica

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