Market

We are operating on Poland's growing consumer debt market. The growing debt of Poles observed since mid-1990s as well as the increasing percentage of people falling behind on their payments are behind the dynamic growth of the consumer debt market. The supply of debt packages offered for sale by financial institutions, banks, pre-paid service and utility providers contributed to the emergence of companies specialised in collecting purchased debt. The introduction in the first decade of the 21st century of legal regulations regarding receivables transfer and securitization funds significantly affected the entire sector. The above changes enabled our effective acquisition of receivables portfolios via our Non-Standard Closed-End Securitization Funds established in 2011.

In accordance with BIG Infomonitor reports, the number of high-risk customers has been growing year on year. Poles' debt level has also been on the rise for many years now, both in terms of total value and in terms of average debt per head. The financial meltdown that started in 2008 significantly contributed to the current size of the market. In 2008-2011, the average debt of Poles more than tripled and has still been growing slightly year on year, despite the observed market recovery.

The business of participants of the ARM (Accounts Receivable Management) market does not correlate strongly with the business cycle. It is characterised by increased activity (purchasing new debt) during market slump and increased recovery rates during market recovery.

FAST FINANCE is among the largest companies in the sector. Only a few out of hundreds of players have the capabilities to ensure day-to-day servicing of a large number of debt collection processes. Our appropriate financial resources, IT systems and skilled people make it possible for us to service thousands of accounts simultaneously.