EOS Group Starts New Debt Collection Business in Bosnia

Hamburg, Germany/Sarajevo, Bosnia – From 1 February 2011 on, the EOS Group (www.eos-solutions.com), an Otto Group company, starts its operative business in Bosnia. The local company EOS Matrix Ltd. offers debt purchase and debt collection in Bosnia and Herzegovina.

Christos Savvides, Member of the Board of Directors of the EOS Group with responsibility for Eastern Europe, comments the commercial decision: “There is a high demand for professional accounts receivables management in Bosnia. Ten percent of all credits in this country are defaulting, many of them in foreign currencies.”

He explains: “In the past, companies mainly worked with internal receivables management solutions. During the financial crisis, many firms realized the importance of a consequent receivables management for securing the cash flow of their company.” The collection of overdue debts is the core business of EOS. “We are specialists and often achieve better results in the collection of debts than the owner of the invoice,” Mr Savvides adds.

The Bosnian EOS company is headed by Mirjana Vukovic. She has been working in the financial business for seven years, four of them in leading positions. Mrs Vukovic says: “We profit from the close collaboration with the EOS group companies in Serbia, Croatia and Macedonia. Our clients will benefit from the long term-experience and financial background of EOS.”

About the EOS Group
The EOS Group, an Otto Group subsidiary, is a leading international provider of tailor-made services covering the entire life cycle of a customer relationship – from customer acquisition to electronic payment processing, debt collection and purchase of receivables portfolios. The core business is receivables management. EOS is committed to high standards of debt collection to protect creditors and consumers. With over 5,000 employees, EOS serves its 20,000 customers in more than 20 countries worldwide through over 40 subsidiaries.

More information: www.eos-solutions.com