B2Holding (“B2H”) continued the positive operational growth and the third quarter 2018 represents another strong quarter for the Group. The Group recorded all-time high levels in Operating profit and Cash EBITDA and other key performance indicators. The Group posted a record-high quarterly cash EBITDA of NOK 778 million, an increase of NOK 306 million compared...

Debt purchasers on the European NPL market will shift their focus towards corporate and secured loan portfolios, predicted Georgios Christoforou, regional director for Southeast Europe in B2Holding, owner of Debt Collection Agency (DCA). Christoforou took part in a panel, dedicated to the NPL market, during the 6th “Banks and the business” annual conference, organized by...

The European Central Bank (ECB) will undertake a comprehensive assessment of six Bulgarian banks, the supervisory institution said. Stress tests are expected to begin this month and their results will be published in July next year. They will show the asset quality assessment and are an important part of Bulgaria’s declared will to join ERM II and...

Non-performing loans (NPLs)  in Bulgaria fell to 8.5% at the end of September, BNB says. Only three months earlier the level of NPLs  was 9.3%, wich make the country fifth in the EU. The improvement in the June-September quarter is most likely due to the sale of large bad credit portfolios, which clears the balance...

Bulgaria still has higher levels of non-performing loans (NPLs), compared to the average EU levels, despite the increasing sales of bad loans since the beginning of this year, latest data says. According to official EU statistics, Bulgaria ranks fifth in terms of share of non-performing loans – 9.3%, following Greece (44.8%), Cyprus (34.1%), Portugal (12.1%)...

Bulgaria continues to have higher levels of non-performing loans (NPL’s), compared to average EU levels, despite the increasing sales of NPL’s portfolio since the beginning of this year, latest data says. According to official EU statistics, Bulgaria ranks fifth in the share of non-performing loans – 9.3%. The worst results are in Greece (44.8%), Cyprus...

Georgios Christoforou, BHolding’s regional director for Southeastern Europe (SEE), will be a speaker at the sixth annual Banking and Business conference, organized by Economedia, the publisher of Capital newspaper. Christoforou is also Chief Executive Officer of B2Kapital SA-Greece, a subsidiary of Norway-based B2Holding, that owns Debt Collection Agency (DCA). The forum will be held on November...

Norway-based B2Holding, the owner of Bulgarian Debt Collection Agency (DCA), has through its Greek subsidiary B2Kapital S.A., signed an agreement with Eurobank Ergasias S.A. (“Eurobank”) in Greece for the acquisition of a non-performing loan portfolio with a face value of approximately EUR 2 billion, the purchaser informed on its website. The deal was conducted in a co-investment structure...

This year was an eventful one at Debt Collection Agency. In our seventh year, we managed to become the first in the sector in Bulgaria, acquired the largest non-performing loan portfolio ever sold on the local market, and we were the first to launch a digital solution for their private clients.We’ve reached many milestones, but...