Last year’s debt has risen significantly, reaching nearly BGN 2 billion, the Association of Collector Agencies in Bulgaria (ACAB) announced today in its annual results. In 2018 portfolio deals amounted to BGN 1.9 billion, which is more than double growth compared to 2017. Then BGN 772 million of overdue debt were sold. “The reasons for
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The quarterly special newsletter, prepared by the Debt Collection Agency (DCA), brings together the most important news from the debt management sector. The first issue for this year focuses on the technologies and how they impact on the finance. In this issue you will read the experience of TBI Bank in the big change –
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NPL markets in Central and Eastern Europe are still benefiting from solid deleveraging activity and sales in recent years. This is said in Deloitte’s latest report about non-performing loans in the Central and Eastern Europe (CEE) region. Romania, Hungary and Croatia have experienced a strong transaction track record between 2015 and 2017 with just over
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Debt Collection Agency (DCA) is implementing an innovative IT data analysis system. The company, part of the Norwegian B2Holding, specializes in buying and managing bad loans, and uses the Qlik Sense system. It is supplied by Balkan Services to help DCA in its core business. The software, gatherd under the name Business Intelligence (BI), makes
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Norwegian based B2Holding, owner of Debt Collection Agency (DCA), expects EUR 2.27 billion gross cash collection from purchased portfolios, to be collected in the future. The data is according to the end of 2018 and this is an increase of 46% compared to the fourth quarter of 2017. The B2Holding Group has grown substantially to a 23-country pan
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B2Holding, owner of Debt Collection Agency (DCA), continued to show high growth with record high gross cash collection in the fourth quarter. The Group entered into new strategic joint venture corporations to build asset under management and leverage on the scalable collection platforms. B2Holding is continuously working to improve operations, and cost to collect was down
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Bad loans of non-banking sector in Bulgaria have fallen by almost 40% only in a year, according to official data of Bulgarian national bank (BNB). So, for the first time in years, non-performing loans are less than 10% of the portfolios. Sales of overdue loans are strongly influenced by this, says the Central Bank. Data includes
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Banks in the Southeast Europe (SEE) region are actively cleaning their balance sheets from non-performing loans (NPL), show the numerous transactions for large-scale portfolios concluded in recent months. At the beginning of this year B2Holding, the owner of Debt Collection Agency (DCA), acquired a portfolio with a  value of EUR 800 million euros NPL in
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Bulgarian banks use the favorable momentum to clear intensively their portfolios, comments Peter Andronov, chairman of Association of banks in Bulgaria (ABB), quoted in the quarterly newsletter of organization. The positive impact on the sector is mainly due to the faster growth of the Bulgarian economy compared to the average GDP growth in the EU,
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