One of the leading companies for debt purchase and management in Bulgaria – Debt Collection Agency EAD (DCA), is already owned by DCA Management AD. The acquisition deal is one of the most significant in the financial sector in Bulgaria in recent years. In the coming days it is expected the change of ownership will be entered in the Commercial Register.
Debt Collection Agency was established in 2010 and is a trusted partner of leading banks, non-bank financial institutions and telecommunications companies. Since the beginning of its activity the company has acquired nearly 800 000 receivables, which places it among the largest investors in the market of non-performing loans (NPL) in Bulgaria. To date, DCA manages a portfolio of over BGN 1.62 billion.
For nearly 13 years of history the company has established itself with its good corporate governance and compliance with some of the best practices in the sector. DCA is entering the new stage of its development as a financial institution with a serious history, impeccable reputation and corporate image.
DCA Management AD is a company, headed by managers and professionals with many years of experience in the sector of buying and managing NPL. The new owner plans to continue developing DCA under the same brand, and in addition to the Bulgarian market, it will also aim to expand its activities to other European markets.
“We are satisfied that the transaction has been completed successfully. It was a process that I consider key to the future development of the company. I believe that our acquisition by DCA Management will help us strengthen our position, and we are planning to expand our business in the region. Through the new owner, we will be able to rely, as before, on a stable financial and capital structure that will allow us to develop the full potential of DCA“, commented Yulia Yurgakieva, chief executive officer of DCA.
About Debt Collection Agency ЕAD
Debt Collection Agency was founded in 2010 and quickly became one of the leading companies for debt purchase in Bulgaria. In 2016 it became part of Norway’s B2 Impact ASA (formerly B2Holding ASA), which is among the ten largest in the sector in Europe. DCA is registered as a financial institution Bulgarian National Bank and is a member of the Receivables Management Association.
About DCA Management AD
DCA Management AD is a Bulgarian financial institution, specializing in the acquisition and management of overdue debt. The company was established in 2022 and is already an active participant in the primary and secondary market for the acquisition of receivables in Bulgaria. After completion of the transaction for the acquisition of DCA, the company is expected to become the second largest in the sector by assets.