In a bid to add debt purchasing and surveillance to its local service portfolio, Dutch debt collecting giant Intrum Justitia B.V. last week launched its second Hungarian subsidiary, Intrum Justitia Rt.
Executives at Intrum and at one of its competitors said they expect debt purchasing activity in Hungary to increase. They added that recent legal changes, increasing to Ft 50 million (Ђ202,000) the equity needed to establish a debt purchaser, are likely to squeeze out some existing market players.
“We have seen increasing demand for debt purchasing services from our clients that give debt management and debt collection assignments to Intrum Justitia Kft,” said Andrбs Mьller, a member of the board of Intrum Justitia Rt.
