La Asociación Española de Factoring (AEF) presented on February 25, 2026 the results for 2025, where the volume of loans managed reached 401.361 million euros (24,5% of the PIB) to strengthen the liquidity of Spanish companies through trade finance solutions.
During the results presentation day held in MadridThe short-term trade finance sector has demonstrated its strength in an environment marked by falling interest rates. The total volume of loans managed amounted to €401.361 million, representing a 2% increase compared to the previous year. This figure positions the Factoring and Confirming as critical tools for the productive fabric, already representing almost a quarter of the gross domestic product of España.
Carlos Dalmau, President of the AEFHe described the exercise as positive: This 2025 has been for the Factoring as a Financial Tool for Managing Seasonal Fluctuations in Trucking A year of maintaining the activity levels achieved in previous years, evolving positively in most of the products and services that make up the offer
According to the executive, if the trend is analyzed since 2018, the cumulative annual growth of 7,2% confirms that these solutions have gained ground mainly in the Spanish working capital market.
Evolution by product and weight in the economy
The performance of services has been mixed, although mostly upward. Confirming (Supplier payment management) has led the growth with an increase of 4,1%, reaching €141.901 billion. Meanwhile, Factoring International showed a favorable evolution of 4,3%, offsetting the slight decline of Factoring National with Resource.
In terms of market penetration, the sector has grown from managing €115.221 billion in 2015 to the current €269.885 billion in transfers, representing an absolute growth of 134% in the last decade. This dynamism positions España as the third European country in terms of relative importance of its activity Factoring about him PIB.
| Activity 2025 Concept | Amount (Millions €) | Annual Change (%) |
|---|---|---|
| Total volume of loans managed | 401.361 | + 2,0 % |
| Total Assignments (Factoring + Confirming) | 269.885 | + 1,2 % |
| Confirming (Business completed) | 141.901 | + 4,1 % |
| International Factoring | 34.825 | + 4,3 % |
| Live Investment at closing | 54.188 | + 5,1 % |
Technological innovation and security: The Inblock platform
One of the most significant milestones of the year has been the commissioning of Inblock in October 2025. This is a digital solution powered by the AEF For the automatic and secure validation of invoices. The system uses encrypted records to verify whether invoices have been declared to the tax authorities and to prevent double assignment of credits.
Carlos Dalmau He highlighted that more than 2,18 million invoices have already been processed through this system: It is a utility that should allow all entities and companies to make better use of factoring to facilitate lines of financing.
At the end of the year, five large entities were already operating on the platform, with plans to double this number in the short term.
Market structure and new members
La AEF It has continued its expansion strategy, adding 7 new members in 2025, bringing the total number of members to 43. This figure doubles the association's representation compared to 2022, integrating everything from large banking entities to operators. Fintech and international specialists.
- National Factoring Without Recourse: It grew by 3%, standing out for covering the risk of debtor insolvency.
- Average Investment: It stood at 44.110 billion euros during the year.
- Payment Orders: The volume handled in Confirming It reached 273.377 million euros (+4%).
- Sustainability: The association has initiated technical committees to analyze the regulatory impact on the industry.
Key points and frequently asked questions about the sector in 2025
What percentage of GDP does Factoring and Confirming represent in Spain?
The sector's total activity, including loans granted and managed, exceeded €400.000 billion in 2025, representing approximately 24,5% of the PIB national.
What is the main function of the Inblock platform?
Inblock It is an invoice validation platform developed by the AEF to prevent fraud, ensure the accuracy of data before tax agencies and prevent the same invoice from being transferred to several entities.
How has international factoring evolved?
Despite stagnation in other areas, the Factoring International trade registered a growth of 4,3% in 2025, reaching 34.825 million euros, consolidating itself as a key tool for exporting companies.
Any questions about this news?
Talk to Coexia, the AI of the foreign trade
International business service providers
Credit and caution
Leading operator of domestic and export credit insurance in Spain, with a market share of 46%.read more...
Cesce
Cesce, the Spanish Export Credit Insurance Company, is the head of a group.read more...
