What is the total value of the domestic debt management market and how would you characterize the level of competition in your business segment?
The statistical data reflect the figures presented by the banking system, but the debt management market is more extensive than that. Banks, non-banking financial companies, utilities and service providers are the typical business partners of collection companies, when we refer to debt purchasing or debt servicing operations. According to the central bank’s statistics, the banking system has another 40 billion lei worth of non-performing loan (NPL) portfolios and, of course, there are several important receivables management companies on the market that are interested in those portfolios. The competition is rather diversified, as we have specialized collection companies and investment funds, some of them being new to the market, while others have already been here for several years. KRUK has been present on the Romanian market for over seven years and we have constantly been an important player in the debt purchasing segment.
The statistical data reflect the figures presented by the banking system, but the debt management market is more extensive than that. Banks, non-banking financial companies, utilities and service providers are the typical business partners of collection companies, when we refer to debt purchasing or debt servicing operations. According to the central bank’s statistics, the banking system has another 40 billion lei worth of non-performing loan (NPL) portfolios and, of course, there are several important receivables management companies on the market that are interested in those portfolios. The competition is rather diversified, as we have specialized collection companies and investment funds, some of them being new to the market, while others have already been here for several years. KRUK has been present on the Romanian market for over seven years and we have constantly been an important player in the debt purchasing segment.
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