Credit, Collections & Insolvency News
Debt Purchaser, Arrow Global has announced its latest company results (for the three months ended 31 March 2018). Commenting on the results Lee Rochford, Group Chief Executive Officer, said “The power of our differentiated model has meant that we have had another strong start to the year. Our sophisticated approach to capital investment and asset management, underpinned…
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Debt purchaser, Cabot Credit Management has announced that it is to become a wholly-owned subsidiary of Encore Capital Group. The announcement was made as part of the companies latest financial results for the three months ending 31 st March 2018. Commenting on the results Ken Stannard, Chief Executive Officer, Cabot Credit Management, said: “Cabot Credit Management…
Read moreEuler Hermes publishes its annual review and forecast of global average Days Sales Outstanding (DSO), based on a sample of 20 sectors and 36 countries. According to the 2017 figures, DSO reached its highest level since 2007 at 66 days. This trend is expected to continue in 2018 with global average DSO to rise by…
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European debt purchaser, DDM Holding has announced that it has appointed Henrik Wennerholm as Head of Business Development and a member of DDM’s Executive Management Committee. Wennerholm has industry experience from companies including Hoist, Aktiv Kapital (PRA Group) and, most recently, B2Holding ASA where he served as Head of Business Development and a member of the Group Executive…
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Ireland’s Central Bank has released its latest money and banking statistics for March 2018. The figures show that lending for house purchase increased by €184 million. This represents the fifth consecutive month of positive annual growth. Other highlights include: Developments in Household credit and deposits Loans to households, adjusted for loan sales and securitisations, declined…
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Debt purchaser has announced its latest company results. Main highlights include: Operating earnings, adjusted for non-recurring expenses and revaluations of portfolios of receivables improved to SEK 973 M. Compared to the first quarter (pro forma) of 2017 operating earnings increased by 10 percent. Portfolio investments for the quarter amounted to SEK 1,373 M. The carrying…
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The total value of consumer debt judgments registered in the Republic of Ireland topped €100m in Quarter 1 of 2018, for the first time during a single quarter since Q3 2015, according to figures released today by Registry Trust. Four hundred and seventy-one judgments were issued against consumers during the first quarter of the year,…
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Latest figures from the Registry Trust have indicated that there has been a decrease in the volume of business judgments in Ireland. In Quarter 1 of 2018 there 120 business judgment issued, 36 fewer than in the same quarter of the previous year. This is coupled with a 37 percent drop in the average judgment’s…
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The Irish Central Bank has published its April update on the Tracker Mortgage Examination, showing that, at end-March, banks and smaller lenders had paid out €459 million to customers affected by their failings. This is an increase of €162 million since the December update on the Examination. The update also showed that an additional 3,400…
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Globalisation and the need to keep up with international trends have led to an increase in the number of global CEOs now leading the FTSE’s largest listed companies, although UK CEOs remain the first choice, according to the Robert Half FTSE 100 CEO Tracker. The total number of UK CEOs leading the FTSE 100 has slipped…
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American consumer credit reporting agency, TransUnion has announced it has reached an agreed to purchase Callcredit Information Group for £1 billion, ($1.4 billion). TransUnion, provides data, analytics and technology solutions to help businesses and consumers make informed decisions in America. International expansion is a key growth strategy for TransUnion which has offices in 33 countries. The company…
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Credit managers, those who keep the cash flowing in business, are untroubled by Brexit, unimpressed by new regulation, and keen to see how new technology can enhance performance in the future. They are also valued by the companies who employ them, and actively involved in the performance and success of the businesses they represent. These…
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Avantcard has announced that it will acquire Tesco Bank’s Irish credit card portfolio for an undisclosed sum. About 27,000 customers of its banking unit, Tesco Bank, to be transferred to Avantcard as a result of the agreement, which is subject to regulatory approval. The transition is expected to be carried out by autumn. The terms of…
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