24 August, 2022
Norway based B2Holding, owner of Debt Collection Agency, has increased its profit in the second quarter of the year. The holding company published its financial statements, which show gross collections, including joint-ventures, above the initial forecasts.  Net profit of B2Holding was EUR 17.74 million, 17% increase compared to the second quarter of 2021. Rise of...
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19 August, 2022
B2Holding ASA, one of the leading debt purchasers in Europe, has signed an agreement to sell its Bulgarian subsidiary – Debt Collection Agency EAD (DCA), to a local Special Purpose Vehicle (SPV) company. The transaction is a result of a competitive auction process advised by Alantra Corporate Portfolio Advisors Limited. The closing of the transaction...
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12 August, 2022
The volume of loans at risk of default increased in the first quarter, according to the periodical issue “Banks in Bulgaria”, prepared by the BNB. The growth is due to the exacerbation of risks in the economic environment, including possible indirect effects of the war in Ukraine, the publication says.  The Bulgarian banking system has...
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4 August, 2022
Non-performing loans in the Bulgarian banking system decreased again, according to the latest BNB data. As of the end of June NPL are 5.24% of all credits and avances, 0.26 percent points down for only three month. Consumer and corporate credits are increasing the share of NPL, noted the detailed report. The overdue debt is...
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28 July, 2022
Concerns about non-performing loans have led to a slight increase in corporate lending requirements, the European Central Bank’s latest survey shows. The ECB’s surveys are conducted regularly among banks in the euro area. The latest of which was released between June 10 and 28 among 153 credit institutions, which report their observations of the past...
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14 July, 2022
Non-performing loans (NPL) in the euro zone have fallen below 2% – their lowest level since the statistics on them were published, according to data from the European Central Bank (ECB). The decline was due to a slight increase in lending and a slight decline in the absolute value of NPL. According to the EU...
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7 July, 2022
High inflation rate, combined with flat growth, is significantly increasing the risk of stagflation. These are the main concerns for managers in Europe, according to the latest European Payment Report (ERP), conducted between January and April 2022 among more than 11 000 companies in 29 European countries.  Half of the respondents (51% warn that inflation...
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29 June, 2022
The impact of the Covid-19 pandemic on bank credit risk among the banks in the European Union (EU) and the broader central, eastern and south-eastern European (CESEE) region has been largely mitigated by the comprehensive government support measures implemented by most countries. As a result, initial fears of a rapid deterioration in asset quality have...
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