Debt Collection Agency EAD (DCA), the leading debt purchaser in Bulgaria, part of Norway-based B2Holding ASA, has signed an agreement to acquire a portfolio with a face value of around EUR 250 million (BGN 500 million) from UniCredit Bulbank, the largest Bulgarian bank by assets. The deal is expected to be closed in October 2018....

Norway-based B2Holding, the owner of Bulgarian Debt Collection Agency (DCA), has through its Czech subsidiary B2 Kapital entered into an agreement with Moneta Money Bank to acquire a portfolio of non-performing loans in Czech Repiblic. The portfolio has an aggregate nominal value of approximately EUR 47 million and consists of approximately 12,000 unsecured, retail non-performing...

At a time when everyone is talking about customer care and a human factor in digital communication, it may be surprising that there are also areas where the rule “less human – the better” tends to be more effective. Receiving letter after letter and discussing with a stranger the unpleasant situation of having overdue loans...

Norwegian B2Holding, the owner of the Debt Collection Agency (DCA) and one of Europe’s leading debt purchasers, achieved record financial results in the second quarter of 2018, shows the company’s financial report. For the months ahead B2Holding has more than €200 million (NOK 2.1 billion) investment capacity and strong operating cash flow from collection on...

Bad quick loans in Bulgaria continue to decline, according to the Bulgarian National Bank (BNB) data for the second quarter of 2018. At the end of June 2018, non-performing fast loans amounted to BGN 278 million – nearly 30% decline per year. Thus, bad loans already account for 11.4% of the portfolio of the companies...

Until recently Bulgaria was among the top countries in Europe with largest share of bad loans. At the end of the first quarter of 2018, however, its performance compared to the pan-European picture improved significantly. Bulgaria has reached 9.58% and is already seventh in Europe. Greece continues to be in the top position with a...

Norway-based B2Holding, the owner of Debt Collection Agency (DCA), has through its Italian subsidiary B2 Kapital entered into an agreement to  acquire a portfolio of secured retail and non-retail non-performing loans from EMIL BANCA – CREDITO COOPERATIVO SOCIETÀ COOPERATIVA. The  portfolio has an aggregate nominal value of approximately EUR 100 million. With this transaction B2K...

In July, Capital.bg published a market analysis for debt collection sector in Bulgaria and asked key companies about trends and their expectations. Due to the impossibility of publishing the complete answers, we publish here the expert opinion of Dimitar Bonchev, Director of Business Development at the Debt Collection Agency. What do you think are the...

After the strong performance of the sector in 2017, companies are preparing for record volume deals Overdue debts are a valuable asset that attracts investors and can bring profits. It wasn’t exactly this way seven years ago, when the first debt management and collection companies started their businesses in Bulgaria. The perception of bad debts...