GetBack mulls entering Spanish market

WSE-listed debt collector GetBack is mulling acquiring a receivables portfolio in Spain this year, as it plans to diversify its operations, CEO Konrad Kąkolweski said. “We understand the Spanish legal system well. We think there are a lot of interesting portfolios as well as a lot of companies that would help us in the first stage to service the first purchased receivables. At the beginning we could use one of such companies, and later acquire it,” Kąkolewski added. According to CEO, GetBack has already evaluated 10 Spanish debt portfolios for potential purchase. Currently, GetBack operates on Polish and Romanian markets