Debt Collection Agency (DCA) is number 1 by asset size again and remains a leading company in the debt recovery sector in Bulgaria. This shows the annual audited report of the company, which is part of the Norwegian B2Holding. At the end of 2018 DCA’s assets exceed BGN 118 million, which is almost double the year-on-year
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Italian banking group UniCredit it has agreed to sell its non-performing credit portfolio in Bosnia to Zagreb-based B2 Kapital, a subsidiary of Norway’s B2Holding Group. The legal claim value of the portfolio, which consists entirely of Bosnian loans, is some 24.5 million euro. In particular, UniCredit is selling a portfolio on a non-recourse basis composed of
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The Bulgarian national bank (BNB)  will be able to impose additional capital requirements on banks with more non-performing loans. This is stated in a report of the International Monetary Fund (IMF) in support of banking supervision, which is published by the BNB.  According to an assessment, made by the Central Bank, supervision may require additional capital
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The majority of Europeans have financial difficulties, but optimism, at least among the young people, is rising, in comparison with previous years. These are the results of the new European Consumer Payment Report (ECPR) for 2018, published a few days ago. Difficulties in paying bills, more for families with children, and borrowing money for relatives and
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Nearly 21% of Bulgarians have a problem paying their bills on time, according to an Eurostat study. Bulgaria and Romania are again the countries in the EU in the first place, indicating material difficulties. Romania is almost at the level of Greece – nearly 17 per cent, but in Bulgaria the indicators are worse.  The
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The Southeast European subsidiaries of Holding will share good practices.  The business of Norwegian B2Holding,  part of which is Debt Collection Agency (DCA), continues to grow strongly, and the holding plans new investments to expand its operations in the coming months. This is stated in the holding’s report for 2018, which includes the results of
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The Council of Europe adopted a new framework for bank overdue loans a few days ago. The new rules set capital requirements applying to banks with non-performing loans (NPLs) on their balance sheets. The aim of the reform is to ensure that banks set aside sufficient own resources when new loans become non-performing and to
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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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