Locked content GetBack buys PLN 400 mln debt portfolios

WSE-listed debt collector Getback signed two preliminary binding deals to buy NPLs with a nominal value of PLN 400 mln secured on Polish real estate properties, the company said in a market filing. The NPLs will be purchased from a financial firm quartered in Copenhagen….

Locked content Best, GetBack acquire over PLN 1 bln debt portffolios

WSE-listed debt collector Best acquired a €230 million unsecured debt portfolio in Italy, the company said in a market filing. Another listed collector, GetBack, won a tender for purchase of portfolio worth a nominal ca. PLN 1.2 billion from an unspecified Polish bank, the company said in a filing. ...

Locked content GetBack acquires €246 mln Spanish debt portfolio

WSE-listed debt collector GetBack won the tender to buy debt portfolios with a combined nominal value of €246 million from an unnamed Spanish bank, the company said in a market filing. The company declined to release the price it paid, but according to the filing it is “a market price for such asset...

Locked content GetBack acquires €637 mln Spanish debt portfolio

WSE-listed debt collector GetBack won the tender to buy debt portfolios with a combined nominal value of  €637 million from an unnamed Spanish bank, the company said in a market filing. The company declined to release the price it paid, but according to the filing it is “a market price for such asse...

Locked content GetBack to acquire PLN 600 mln debt portfolio

Debt collection firm GetBack has won a tender for a debt portfolio with a nominal value of PLN 600 million, the company informed in a press release. The firm’s CEO said that for the entire 2017, the firm expects to acquire a total of PLN 2 billion worth of debt. Over the first three quarters… ...

Locked content GetBack H1 profit soars

WSE-listed debt collector GetBack recorded PLN 111.62 million net profit in H1, up by 50.5 percent y/y. EBIT stood at PLN 156 million, a 74.6 percent y/y growth. Revenues amounted to PLN 337.59 million, up by an impressive 111 percent y/y. “We consider that the first half of 2017 was another good ti...

Locked content GetBack buys PLN 125 mln debt portfolio

WSE-listed debt collector GetBack purchased a PLN 125 million debt portfolio in a tender held by one of the Polish lenders, the company said in a market filing. GetBack added that by mid-Q3, the company already reached the PLN 912 million figure spent on debt portfolios last year. “Thanks to resourc...

Locked content GetBack debt recoveries up 64%

WSE-listed debt collector GetBack spent PLN 494.2 million on debt portfolios purchases in Q2, 9 percent less than a year earlier, while recoveries shot up by 64 percent to PLN 308.2 million. In H1, GetBack bought portfolios for PLN 739.9 million (26 percent y/y growth), while recoveries increased by...

Locked content GetBack gets UOKiK approval for EGB takeover

WSE-listed debt collector GetBack received the Polish antitrust watchdog UOKiK approval to takeover EGB Investments from Atlus TFI. GetBack bought EGB back in May, acquiring 99.4 percent of its shares for PLN 207.6 million. EGB Investments conducts debt collection activities, assisting banks, financ...

Locked content JP Morgan with over 5% stake in GetBack

Funds managed by JP Morgan Asset Management bought 4.3 million shares representing 5.38 percent stake in the WSE-listed debt collector GetBack. The sale of the shares resulted from the settlement of the pre-financing granted to JP Morgan Asset Management by the Haitong Bank in the bookbuilding proce...