“The increase of the average value of uncollected receivables in 2016 also triggered the increase of the average value of back payments paid. In 2016, a debtor client paid an average sum of RON260, versus RON245 in 2015,” said Catalin Neagu, Top Factoring general manager.
According to the company, the debt collection market registered a significant growth in 2016, compared with the previous year.
Top Factoring manages and collects debts for local lenders, telecom operators, insurers or utility suppliers. It managed a portfolio of EUR368 million last year.
Top Factoring was established in 2006. Its main shareholder is Reconstruction Capital II Limited (RC2), listed on London Stock Exchange and administered by New Europe Capital.