Karolyne Pataki

Díjbeszedő Faktorház Zrt.

Díjbeszedő Faktorház is one of the largest Hungarian debt purchase companies. As part of our complex fee collection activity provided to our Budapest based utility partners (Budapest Water Works, Budapest Sewage Company, Municipal Public Services, Budapest Gas Works and Chimney Sweeper) all the retail A/Rs of these utilities are purchased by Díjbeszedő Faktoház at the time of the issuance of the invoices. In 2009 we purchased these non overdue retail accounts at our own risk in the value of EUR 250 million. Besides this unique form of debt purchasing we are also one of the market leaders in banking, telco and other utility type distressed portfolio purchases. Since 2003 Díjbeszedő Faktorház purchased distressed portfolios of EUR 90 million at nominal value. The key references are Veolia, RWE, Suez, T-Group, GE Money Bank, KBC Bank, ERSTE Bank, CIB Intesa, Raiffeisen. The shareholders' equity of the Holding company was EUR 39 million in 2009 while generating EUR 40 million in revenues