International Personal Finance Plc mulls entering Bulgaria.

By bne IntelliNews March 7, 2011
UK credit company International Personal Finance Plc is considering starting operations in Bulgaria and Ukraine this year, Bloomberg informed. CEO John Harnett has said in an interview for Bloomberg that the two countries are seen as top priority and explained that the company is searching for markets that are moving into the growth phase. The net income of International Personal Finance surged 80% to GBP 59.2mn last year as revenues increased by 11% to GBP 608.7mn. International Personal Finance provides unsecured loans to low-income households in CEE countries and Mexico.

Related Articles

EC urges Bulgaria to comply with EU rules on free movement of capital.

The EC has sent a reasoned opinion to Bulgaria over failure to comply with EU rules on the free movement of capital, the EC said on its website. The privatisation act in Bulgaria introduces ... more

Govt seeks delay of antitrust rules violation procedure against Bulgaria.

Bulgaria will be seeking an extension of the court procedure filed by the EC against the country over irregularities found in the assignment of digital broadcast spectrum, transport minister ... more

Bulgarians hold EUR 100mn in deposits in Cyprus.

Bulgarian individuals and companies hold EUR 100mn in Cypriot banks according to ECB data, BTA reported quoting Reuters. The largest EU depositors in the crisis-hit country are Greece with EUR ... more

Dismiss