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...

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...

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,...

Norway-based B2Holding, owner of Debt Collection Agency (DCA), has significantly increased the share of secured non-performing loan portfolios, according to data presented at the Arctic Debt Collection Seminar in Oslo. For the first nine months of 2018 the share of the acquired secured assets reached 37%. In 2013 they were only 4% of the total...

Rapid credit growth can create cyclical risks in the Bulgarian banking system. This is the statement of Bulgarian national bank (BNB), said the report on the banks in the third quarter of 2018. According to the Central Bank, risks may grow in the case of a future raise of an interest rate or a weakening...

The B2Holding Group has in a 50/50 joint venture structure with DDM Group, signed an agreement with HETA Asset Resolution for the acquisition of a non-performing loan portfolio in Croatia composed of secured corporate loans. The portfolio has a face value of approximately EUR 800 million. The acquisition is subject to regulatory approval and is...

While working in the financial world, it is very important to anticipate the evolution of events in order to succeed. Whether it’s accurate forecasts or plans to move on – without knowing what you expect, there’s no way you can achieve good results. This is the main motive for debt purchasing companies to offer their partners...

Bulgarian banks will probably have to limit the requirements for their clients to get loans. This will be done with legislative changes that were admitted by parliament on Thursday, December 13th. Changes into the BNB Law were proposed because of Bulgaria’s wish to join ERM II and the euro area currency mechanism. Under the new...

South East Europe (SEE) is among the regions that contributes most for the growth of B2Holding, the owner of the Debt Collection Agency (DCA), according to the results for the third quarter of  2018, presented by the Norwegian holding. SEE, which includes Bulgaria, Romania, Cyprus and Greece, is giving almost 20% of B2Holding’s revenue, reaching...