The Agency for Control of Outstanding Debts (ACOD) was established in 2013 and acquired by MFG in 2016. It operates in the field of buying out and managing portfolios of nonperforming loans. The company is registered as a non-banking financial institution with the Bulgarian National Bank and is a reliable partner of financial institutions, utility companies and other legal entities, offering high quality, fast and adequate solutions in overdue debt recovery.
ACOD is mainly active in Bulgaria, but in September 2018 the company opened its first office abroad – in neighboring Romania. The main operations and mission of the Romanian company is to further develop all existing opportunities to secure a more easily accessible market in the field of debt collection in the country, applying all good practices already established in Bulgaria and adapting them to the specifics of the local business model. This is the company’s first step in its ambition to build a stable network of offices across Europe.
ACOD operates in the field of buying out and managing portfolios of non-performing loans and is a reliable partner of financial institutions, utility companies and other legal entities.
- Founded: 2016
- Type: Limited Liability Company