Money
Financial stress in Europe is going up as almost half (45%) of the European consumers say their bills are rising at a faster rate than their income, thus negatively affecting their general wellbeing, the new edition of the European Consumer Payment Report reveals. The report steps on data from more than 24 000 consumers in
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B2H Growth
Norway-based B2Holding, that owns Debt Collection Agency EAD (DCA), today reports all-time high gross cash collection and cash EBITDA combined with reductions in leverage and cost to collect, the company’s interim report shows. B2Holding had total operating revenues of NOK 880 million (€86.6M) in the third quarter, an increase of 18 per cent from the
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Double increase in purchased non-performing loans (NPLs) for the first half of the year, shows data from the Association of Collecting Agencies in Bulgaria (ACABG).  NPLs, purchased from special companies reached volume BGN 1.18 billion volume in January-June, compared to BGN 585 million in the same period last year. The main reason is several transactions
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Serbia’s Deposit Insurance Agency has invited bids for the sale of a non-performing loan (NPL) portfolio of 1.82 billion euro ($1.98 billion). This was reported by the regional media SeeNews, citing a statement from the country’s finance ministry. Investors can submit letters of interest by November 8 and the deadline for placing non-binding bids expires on
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Bulgaria ranks third among European countries in terms of inbound payments to companies, coming from another country. This shows the annual European Payment Report. Before Bulgaria are only the Czech Republic and Portugal, both with just over 18% of inbound payments from abroad. In Bulgaria companies say that 17.2% of their revenue comes from foreign
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George Christoforou, Regional Director for South East Europe, has been appointed new Regional Director for Central Europe and he will thus be responsible for both regions. This was announced from B2Holding, owner of Debt Collection Agency (DCA). George joined the B2Holding Group in April 2018 as CEO of B2Kapital in Greece and Regional Director of
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New sales of non-performing loans (NPL) from banks in Central and Eastern Europe (CEE) will decline in the upcoming years. At the same time deals from other financial activities will accelerate, says forecast by consulting company Deloitte in its 2018 report. Activity on markets that have already tackled most of their NPLs are likely to
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Georgios Christoforou is regional director for Southeastern Europe (SEE) and Chief Executive Officer of B2Kapital SA-Greece, a subsidiary of B2Holding. Norway-based B2Holding is one of the largest debt solution providers in Europe with operations in 23 European countries and leading positions in SEE. In Bulgaria B2Holding is an owner of Debt Collection Agency (DCA). What are
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