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Since European non-performing loans peaked at EUR 1.2 trillion in 2015, banks and regulators have worked hard to reduce the burden. However, the pandemic led to a rise in lending and a need to redouble efforts.
Being confronted by unsolved debts can be both stressful and challenging. Ophelos is simplifying the situation with an AI-driven digital platform that grants customers a stronger sense of control and creditors with a deeper level of insight. Intrum is delighted to announce the finalisation of the acquisition of Ophelos, the next step in creating the industry’s best operating platform.
The build-up of non-performing loans caused by the 2008 financial crisis led European NPL stock to peak at EUR 1.2 trillion in 2015. Banks have been dealing with the headache ever since. But what are non-performing loans and how are they categorised?
Does it feel like you’ve reached the end of the line financially? That’s there’s no way out? Getting back in control starts with getting in touch. Know that we’re here to support you, all the way.
As the market leader in credit management services, Intrum has a responsibility and commitment to improve industry standards and practices. To this end, Intrum is happy to announce the acquisition of eCollect, an important lever in broadening Intrum’s offering and accelerating the transformation toward a tech-driven organisation.
Some companies have high credit losses, while others always get paid on time. What does it take? Benjamin Asplund, Global Commercial CMS Director at Intrum, shares tips from the most successful.
Historically, large companies have been the culprits when it comes to late payment, with a reputation for squeezing their smaller suppliers. However, the economic crisis is hitting small companies hard, to the extent that their own payment performance has deteriorated.
While businesses across Europe are struggling with inflation and interest rate rises, these issues are particularly acute in Eastern Europe, according to Intrum’s European Payment Report 2023.
As Intrum’s Global Head of Servicing, George Georgakopoulos is responsible for Intrum’s credit management services business, with thousands of clients across Europe. He explains that a new focus and restructure has put Intrum in a strong growth position for 2023.
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