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 60 percent to PLN 540.0 million, GetBack said in a market filing. "The key to us is the effectiveness of our operational activities with respect to our portfolios. We are very happy that we are able to exceed our goals. Thanks to verifiability of investment assumptions, high operational efficiency, and good investment selection, we are able to provide the expected returns," GetBack CEO Konrad Kąkoleski said.GetBack recoveries up 64%