In March of 2018, in the beautiful ambience of the Sarajevo city Hall, and in the presence of numerous guests from the financial and banking sector, as well as members of the press, B2 Kapital was presented, which opened its office in Sarajevo in November and has already achieved the positive results in collection and management of receivables.
The guests at the Sarajevo city Hall were first welcomed by Lamija Selimovic, cEO of B2 Kapital in Bosnia and Hercegovina. After thanking the numerous guests, she said that she was looking forward to the future business cooperation and explained in more detail the operations and goal of the company she is managing. “B2 Kapital in the B&H market brings professional and efficient solutions when it comes to improving liquidity. It is well known that liquidity is one of the most significant problems of financial operations in BiH and B2 Kapital offers a wide range of services for the banking sector and other interested clients in order solve this problem,” noted Lamija Selimovic.
Ilija Plavcic, cEO of the cE Region of B2Holding ASA Group expressed particular satisfaction with the fact that the company started delivering its services in Bosnia and Herzegovina, with which operations have now been set up in the entire Region. "We have been successful in the cE Region for many years, we have gained the trust of our clients, and have become a reliable partner to the banking sector. Our core activity is the purchase of troubled debts with banks, in order to reach the best solutions, in agreement with debtors,” said Plavcic, pointing out that the company runs on the "consumer friendly" principle and strives to find the best model for collecting receivables.
A special guest of the evening was the cEO of B2Holding ASA Olav Dalen Zahl, who stressed that he believes that the Norwegian model of providing full financial services in billing and claim management will have good results in BiH. This model was developed during the banking crisis in the Nordic countries in the 1990s and gave excellent results.
B2Holding ASA, was founded in November 2011 and the Group records a continuous trend of growth. Today, the Group operates in 22 countries in Europe and has open entities in Austria, Luxembourg and the Netherlands. B2Holding ASA coordinates its strategic activities with the nature of debt and individual analysis of the borrower's ability. B2Holding ASA offers a wide range of financial solutions. Regardless of the method chosen, the most important principles in the work are to respect ethical and moral standards, protect reputation, partners and suppliers and respect the rights of debtors.
B2 Kapital, poslovne storitve d.o.o. helped fill up school bags of almost 400 school-obligatory children. New school year brings new adventures as well as the need of new school material which certain families can hardly afford. Therefore, in the framework of action “Mailmail Pavle fills up school bags”, Zveza prijateljev mladine Slovenija has been collecting school material for children from socially endangered families. This year they will provide material for around 2000 scholars. “We helped with pleasure at this collecting action. With our contribution we provided school material which will help to fill up school bags of almost 400 school-obligatory children. We donated several boxes of colourful school material to ZMPS who were really grateful for the mindful donation”. You can also read about the donation on the following link: http://www.24ur.com/novice/svet/b2-kapital-d-o-o-osrecil-skoraj-400-solarjev.html
B2Holding (“B2H”) continued the positive operational growth and the third quarter 2018 represents another strong quarter for the Group. The Group recorded all-time high levels in Operating profit and Cash EBITDA and other key performance indicators. The Group posted a record-high quarterly cash EBITDA of NOK 778 million, an increase of NOK 306 million compared to Q3 2017 (+65%). The operating profit hit NOK 370 million (+46%) and net profit increased to NOK 159 million from NOK 113 million in Q3 2017 (+40%). In Q3 2018, B2H invested NOK 988 million in new portfolios, well diversified in asset classes and regions with majority of the acquisitions within Northern and Western Europe. In the first nine months of 2018, B2Holding has purchased portfolios for NOK 4,746 million. The Company has acquired portfolios for approx. NOK 6.7 billion over the last 12 months (+108%) and grown the total gross ERC to approx. NOK 20.6 billion (+69%). In September B2H signed an agreement to amend and extend the existing RCF with new maturity day being 31 May 2022. At the end of the quarter, the Group has strong operating cash flow from collection on purchased loan portfolios in addition to NOK 1.7 billion investment capacity and is thus well positioned to take advantage of the current market with strong pipeline and attractive returns. In the third quarter B2Holding Group obtained a finance company license in Norway and an IFN license in Romania, enabling the Group to acquire non-performing as well as performing claims from all kind of financial institutions including banks in these markets. For further information, please visit the B2Holding official webpage www.b2holding.no