Yerevan/Mediamax/. The total volume of overdue debts, received from the customers of “Restitutor KP” Collector Company in the course of a year, made about 150mln AMD.

As “Restitutor KP” LLC Director Loris Yeghoyan stated in an interview to Mediamax, in the accounting period the company collected about 43% of the total portfolio of overdue liabilities, which made 64mln 500 thousand AMD. According tot Yeghoyan’s assessment, “this is not a bad result, since about 80% of the debts were initially rated to the category of hopeless debts”.

About 15% of the general debt portfolio’s cases at the total sum of 22mln 500 thousand AMD were closed in the view of objective factors, in particular, because the debtors resided outside the republic, were dead, or because it was impossible to define their whereabouts. The remaining part of the portfolio is at the stage of collection. 

Over the past 6 months, the company’s customer base was replenished by 25 individuals and 15 legal entities, 4 of which represent financial organizations.

“Restitutor KP” LLC was founded in September, 2009. It is the first collector company operating in Armenia. It conducts practical and legal activity, aiming at collecting individuals’ and legal entities’ debts, as well as overdue credits of banks and credit organizations.