Non-performing loans – the legacy of crisis
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?
Who’s at the end of the line?
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.
Welcome eCollect! Expanding Intrum’s offering through digital invoicing and early collection services
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.
Six tips from companies that always get paid on time
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.
SMEs slipping on payments as inflation bites
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.
Eastern European firms cut costs as employee pressure builds
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.
Servicing: strength and scale across Europe
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.
Transformation is on the agenda in Central Europe
While businesses across Europe are deferring long term investment in favour of cost cutting, Central European businesses are more likely to be prioritising digital transformation than other regions, according to Intrum’s European Payment Report 2023.
Inflation strikes in Northern Europe
In Northern Europe, more than half of respondents say their businesses are weaker now than they were 12 months ago, in terms of their revenue, efficiency, and ability to manage disruption. This is higher than in each of the other regions, as well as across Europe as a whole, according to the latest European Payment Report.