Households in Europe are paying their debt and bills more calmly, but they face new challenges, and artificial intelligence (AI) is making permanent inroads into payments, according to the European Consumer Payment Report (ECPR) for 2024. The report covers a survey among 20 thousand adult Europeans in 20 countries on the continent. The cost of...

Bulgaria, Romania, Greece and Cyprus have attracted more than 15% of the investments of Norwegian holding in overdue debts for the period The Norway based B2Holding, presented in Bulgaria by Debt Collection Agency (DCA), recorded a significant increase in its financial results from the operations in South Eastern Europe (SEE). The region remains a priority...

In the first quarter of 2021, the B2Holding Group, owner of Debt Collection Agency EAD (DCA), continued to deliver stable results and strong cash flow. The positive development the Group observed throughout 2020, despite the impact of Covid-19, continued into 2021.  The figures are preliminary, the first quarter report of B2Holding will be published on...

Yulia Yurgakieva will be the new Chief Executive Officer of Debt Collection Agency EAD (DCA), part of the Norwegian B2Holding, which is one of the leading debt purchasers in Europe. The current DCA’s Head of Corporate and Unsecured Receivables Division will assume the position officially on 1st May, replacing Dimitar Bonchev, who has decided to...

Norway-based B2Holding, owner of Debt Collection Agency, has through its Cypriot entity B2Kapital Cyprus, in a partnership with Waterfall Asset Management signed an agreement with Bank of Cyprus Public Company Ltd. for the acquisition of an unsecured non-performing loan portfolio with a face value of EUR 400M, the buyer announced on its site. The portfolio...

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....

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...

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...