Best collecting on debts

Best Group, a large debt collection company in Poland, in 2016 earmarked for investments portfolios a total of PLN 258.3 million in new debts, the company announced in a press release on Friday. Also, they acquired debt portfolios with a total nominal value of PLN 2.27 billion. In the fourth quarter of 2016. In the fourth quarter, nominal value of purchased debt portfolios amounted to PLN 1.23 billion, which has increased 328 percent. y/y. The statement also said that the group ended the year with the biggest repayment values in the company’s history. The total value of repayments of debt portfolios for Q3 of 2016 amounted to PLN 58.2 million, growing 12 percent, y/y. Throughout 2016 years an increase in repayments of managed portfolios of receivables amounted to 23 percent, y/y, to 227.3 million.