Debt Collection Agency (DCA), part of Norway-based B2Holding, continues to grow its business and retains a leading position on the debt purchase market in Bulgaria. In the past year the company increased its revenues by 18% to BGN 22.3 million generating a net profit of BGN 6.17 million, reveals the company’s annual financial report. DCA’s...

Norway-based B2Holding, the owner of Bulgaria-based Debt Collection Agency (DCA), has through its Italian subsidiary B2 Kapital entered into an agreement with Banca Sella SpA to acquire a portfolio of non-performing loans in Italy. The portfolio has an aggregate nominal value of approximately EUR 214 million. “This transaction reinforces B2Holding’s position in the Italian NPLs’...

B2Holding, the owner of Debt Collection Agency (DCA), has through its Croatian subsidiary B2 Kapital d.o.o, entered into an agreement with Zagrebacka banka d.d to acquire a portfolio of non-performing loans in Croatia. The total gross book value of the portfolio is EUR 245.7m as of July 2017. The agreement was signed on June 15...

In the latest issue of Manager Magazine Vasil Trifonov, Head of Corporate Debt  Recovery at the Debt Collection Agency, shares his forecast for the development of the debt purchase and management market in Bulgaria in 2018.     – Mr. Trifonov, where is Bulgaria on the EU non-performing loans map? – Since the autumn of...

Rules are slowly changing. Bulgarians used to borrow payday loans in small offices near their home or office, where they don’t need to answer too many questions and leave quickly with the desired cash. Not anymore, at least not only. Banks are starting to look at the quick loans market in Bulgaria too. They call...

In 2017 record volume of EUR 157bln NPLs was traded in Europe. The debt purchase market is becoming more active, with Italian and Spanish banks leading the bad debt relief process. The peak of NPL sales was in last quarter of 2017 – over 42% yoy. Across Europe banks are under pressure to improve their...

The impact of late payments in Bulgaria is still painfully visible, despite the improving economic stability in general and the increasing solvеncy of both business and households. The insecurity is still there and companies anticipate increasing risks over the next year, shows the annual European Payment Report (EPR). Bulgarian SMEs continue to write off assets...

Low-performing quick loans have reached 12% of the whole credit portfolio which is  a decrease by 11.8% you. As of March 2018 quick loans account for BGN 2.85 bln, which is 9.8% yoy increase and 3.6% in Q1. The growth trend is mainly due to rise of consumer credits.  These are the main findings of...

Bulgaria continues to be among the most problematic countries in Europe in therms of  non-performing loans, according to the annual report of B2Holding, the owner of Debt Collection Agency (DCA). The country holds leading position in Central and Eastern Europe, where only Slovenia, Greece and Cyprus indicate higher levels of NPLs. The more we go...