In June 2015, Abris partnered with the management of GetBack SA to acquire this leading debt purchase business with operations in both Poland and Romania. Since 2012, GetBack has successfully built a dynamic and substantial platform in the debt collection and debt management industry. Today the Company is growing strongly in both countries, utilising its highly scalable operational backbone with dedicated teams across a spectrum of debt management services tailoring to the needs of its clients.
GetBack has three principle business lines:
- Recovery of loan portfolios which are purchased on GetBack’s own balance sheet. These are typically acquired from banks through either an auction or negotiation process.
- Service and recovery of loan portfolios acquired with third-party funding provided by high net worth individuals (HNWIs). GetBack purchases NPL portfolios on behalf of externally managed funds which have been subscribed by Polish HNWIs.
- Service and recovery of loan portfolios acquired with third-party funding provided by institutional investors, both domestic and foreign. GetBack typically co-invests alongside investment institutions to purchase NPL portfolios.
GetBack combines a scalable operational platform and utilizes cost-effective and well-developed client relationship practices which are designed to facilitate loan recovery and allow for future business expansion.