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
Read more
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
Read more
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
Read more
The downward trend in problem loans at Bulgarian banks continues. According to recent BNB data, debt, classified as “bad” and “restructured” have fallen to 8.9% by the end of June. At the same time, lending continues to grow up. Compared to the end of last year, the decline was 3.5 percentage points. Corporate loans, excluding
Read more
Debt Collection Agency (DCA) is number 1 by assets again and remains the leading company in the debt recovery sector in Bulgaria, according to its 2018 audited financial statement of the company, which is part of Norway-based B2Holding ASA. At the end of 2018 DCA’s assets nearly doubled to BGN 118 million compared to BGN
Read more
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
Read more
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
Read more
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
Read more
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
Read more