{"id":13200,"date":"2024-11-19T12:27:00","date_gmt":"2024-11-19T11:27:00","guid":{"rendered":"https:\/\/www.best.com.pl\/?p=13200"},"modified":"2025-03-06T12:29:10","modified_gmt":"2025-03-06T11:29:10","slug":"growing-repayments-income-and-investments-of-best-capital-group","status":"publish","type":"post","link":"https:\/\/www.best.com.pl\/en\/growing-repayments-income-and-investments-of-best-capital-group\/","title":{"rendered":"Growing repayments, income and investments of BEST Capital Group"},"content":{"rendered":"\n




The exchange-traded financial group reported a cash EBITDA of PLN 63.7 million in the third quarter of this year, marking a 16% increase compared to the same period last year. Repayments from portfolios managed by BEST reached PLN 115.7 million in the past quarter, up from PLN 98.8 million a year earlier. Investment in claim portfolios continued to rise in the third quarter of 2024, with the Group allocating nearly PLN 50 million to acquire portfolios with a nominal value of PLN 242 million.<\/strong><\/strong>

<\/strong><\/h3>\n\n\n\n

<\/span>

<\/strong><\/strong><\/p>\n\n\n\n

In the first nine months of this year, BEST Capital Group boosted recoveries by 9% to nearly PLN 352 million, with repayments due to the Group rising by 20%. Cash EBITDA grew by 12% to a record PLN 192.5 million.<\/p>\n\n\n\n

2024 has been a year of significant investment for the Group in acquiring new portfolios. By the end of September, it had committed PLN 228 million, securing portfolios with a nominal value exceeding PLN 1.1 billion. The Group is also expanding its presence in the Italian debt market, where the value of its portfolios has surged by 76% since the beginning of the year to PLN 282 million, now accounting for one-fifth of BEST Capital Group\u2019s total claim portfolio. Entering the final quarter of the year, the Group holds a portfolio with an estimated remaining collections (ERC) value nearing PLN 3.4 billion, up from PLN 3.0 billion at the start of the year.<\/p>\n\n\n\n

\u2013 As previously announced, we are not slowing down. We continue to scale our business, allocating substantial funds to the acquisition of new claim portfolios while delivering increasingly strong financial results. Our potential to sustain dynamic growth in the coming quarters remains high, benefiting all stakeholders of BEST Group,<\/em> says Krzysztof Borusowski, President of the Management Board of BEST S.A.<\/strong><\/p>\n\n\n\n

Marek Kucner, Vice President of the Company’s Management Board<\/strong>, underscores the Group’s strong presence in the bond financing market. Since the beginning of the year, the Group has carried out public and private bond issues totalling PLN 195 million. Of this, PLN 125 million was raised through public offerings, with demand for BEST debt securities significantly exceeding the available supply.
\u2013 The growing interest in BEST bonds reaffirms our confidence in the company\u2019s development strategy. We remain committed to scaling our business effectively, leveraging, among other things, the support of bond investors<\/em>, says Marek Kucner<\/strong>, adding that the company plans to launch another bond offering later this year.<\/p>\n\n\n\n

\u2013 At the same time, discussions with Kredyt Inkaso are ongoing under the signed agreement regarding a potential merger. We are currently awaiting the decision of the Office of Competition and Consumer Protection [UOKiK] on the transaction. This is a pivotal project that both companies are approaching with great diligence. The months ahead will be demanding, but I am confident that the merger will generate significant value for all stakeholders of both entities. I hope we are building a group that will be a key player in the European credit management market<\/em>, adds President Borusowski<\/strong>.<\/p>\n\n\n\n




***<\/p>\n\n\n\n

Information on BEST S.A.<\/strong><\/p>\n\n\n\n

BEST Capital Group is one of the largest debt collection companies in Poland, and it invests actively in portfolios of non-performing debts using investment funds. BEST S.A. has been listed at the Warsaw Stock Exchange (GPW) since 1997.<\/p>\n\n\n\n

BEST, as a member and co-founder of the Association of Financial Companies in Poland, and a co-founder and moderator of the Good Debt Collection Practice actively contributes to the development and shaping of the claims market in Poland.<\/p>\n\n\n\n

In 2023, repayments from claim portfolios due to BEST CG increased to PLN 385 million, operating revenues amounted to PLN 454 million and adjusted cash EBITDA exceeded PLN 220 million. The carrying value of BEST Capital Group\u2019s claim portfolios at the end of 2023 was more than PLN 1.3 billion.<\/p>\n\n\n\n

For more information, visit www.best.com.pl<\/a> or contact us:<\/p>\n\n\n\n

B\u0142a\u017cej Dowgielski MakMedia Group phone 692 823 744 e-mail: b.dowgielski@makmedia.pl<\/a>  <\/td>Micha\u0142 Makarczyk MakMedia Group phone 602 280 858 e-mail: m.makarczyk@makmedia.pl<\/a>  <\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"excerpt":{"rendered":"

The exchange-traded financial group reported a cash EBITDA of PLN 63.7 million in the third quarter of this year, marking a 16% increase compared to the same period last year. Repayments from portfolios managed by BEST reached PLN 115.7 million in the past quarter, up from PLN 98.8 million a year earlier. Investment in claim … Continued<\/a><\/p>\n","protected":false},"author":9,"featured_media":744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-kategorii"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.best.com.pl\/en\/wp-json\/wp\/v2\/posts\/13200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.best.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.best.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.best.com.pl\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.best.com.pl\/en\/wp-json\/wp\/v2\/comments?post=13200"}],"version-history":[{"count":1,"href":"https:\/\/www.best.com.pl\/en\/wp-json\/wp\/v2\/posts\/13200\/revisions"}],"predecessor-version":[{"id":13201,"href":"https:\/\/www.best.com.pl\/en\/wp-json\/wp\/v2\/posts\/13200\/revisions\/13201"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.best.com.pl\/en\/wp-json\/wp\/v2\/media\/744"}],"wp:attachment":[{"href":"https:\/\/www.best.com.pl\/en\/wp-json\/wp\/v2\/media?parent=13200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.best.com.pl\/en\/wp-json\/wp\/v2\/categories?post=13200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.best.com.pl\/en\/wp-json\/wp\/v2\/tags?post=13200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}