BUSINESS DIARY

Creditexpress Slovakia joins Intrum Justitia Group

DEBT collection company Creditexpress Slovakia became the 22nd branch and a member of the largest European credit management group, Intrum Justitia Group.

Creditexpress Slovakia, now called Intrum Justitia Slovakia, has operated on the Slovak market since 2002. Over those three years it has established itself as one of the three most successful debt collection companies in Slovakia.

Strong market position, professional approach and growth potential were the main reasons why Intrum Justitia decided to buy Creditexpress Slovakia.

Intrum Justitia entry onto the Slovak market means the country will witness new methods in the area of credit management. The international standing of the company, which has branches in 22 countries and 160 partners in other countries, means that it is able to serve clients with an international debt portfolios.

Intrum Justitia reaches a yearly turnover of €300 million and has 2,800 employees. Its shares are listed on the Stockholm Stock Exchange. The group has about 90,000 clients in the whole of Europe. Banking, finance, insurance, telecommunicationet companies are among its main customers.

Intrum Justitia regularly observes the solvency statistics of citizens and analyses the credit and debit market in countries where the group is present through its project European Payment Index.


-MD

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