Purchase of receivables
We have many years of experience in acquiring debt portfolios in Bulgaria and Romania. We have solid expertise and benchmark that guarantee quick and fair assessment of receivables. We apply individual solutions and different approaches to portfolio management, working in accordance with the established good practices and high ethical standards. Good reputation has made us a preferred partner of leading banks, non-banking financial institutions and telecoms in selling their non-performing consumer, mortgage and corporate loans. We buy out receivables so you can improve your liquidity, release provisions, speed up your cash flow by saving efforts, resources and time.
At the beginning of 2017, Debt Collection Agency EAD acquired the first secured portfolio on the Bulgarian market. Almost three years later, we continue to be a market leader for secured receivables, managing a portfolio of over 655 million BGN. The expectations for the development of the sector at a rapid pace has been confirmed as the latest market forecast is to reach levels of about 2bn BGN for 2019. As a leading company in the branch, Debt Collection Agency EAD participates actively in the development of this market, offering its clients experience, professionalism and guarantee of compliance with all legal and ethical norms.
Debt Collection Agency EAD's experience in purchasing and managing portfolios of non-performing loans has started from the very beginning of the establishment of the company in 2010. The approximate nominal value of the portfolios at the beginning of December 2019 is over 755 million BGN and the number of cases is over 475 thousand. The company is an absolute leader in the number of contracts for regular receivables cessions.