Baku, Azerbaijan, Jan. 5
By Anvar Mammadov – Trend:
Azerbaijan’s Baku Collection Agency (BOA) intends to significantly increase its portfolio in 2018, BOA Director Samir Mustafayev told Trend Jan. 5.
Mustafayev said that currently, BOA conducts negotiations with several banks and construction companies.
“We believe that the agency’s portfolio will increase by 25-30 percent in 2018,” he noted.
Speaking about the results of the previous year, he said that the demand for collection services in Azerbaijan increased in 2017 as compared to 2016. This was reflected in the volume of the BOA portfolio, added Mustafayev.
“The portfolio grew in 2017 as compared to 2016, and the number of requests from banks increased. We do not have exact data yet, as we are still summing up the results of 2017,” said the BOA director.
Azerbaijan’s Baku Collection Agency has been operating since 2012.