About FENCA
FENCA, the Federation of European National Collection Associations, represents the interests of the European credit management, debt collection and debt purchase sector on the European level, coordinating the exchange with the institutions of the European Union, stakeholders in the European financial services industry, consumer groups and the European public.
Founded in 1993, FENCA’s 23 national member associations represent 75% of all credit management, debt collection and debt purchase companies in Europe and hold 80% of the market share within the EU, with well over 80,000 staff providing services for more than five million businesses, including SMEs, European and overseas banks, as well as the public sector across the EU.
One of the key activities of FENCA is to set and continuously improve business standards and good practices within the sector across the EU, to which its members subscribe in order to provide the best possible service to creditors, clients and consumers alike.
The European credit management, debt collection and debt purchase sector re-injects between 45 and 55 billion Euros of valid claims back into the EU-economy each year, thereby securing above all the liquidity of micro, small and medium enterprises within the EU, while helping to keep the cost of credit at a reasonable level for all consumers.
Founded in 1993, FENCA’s 23 national member associations represent 75% of all credit management, debt collection and debt purchase companies in Europe and hold 80% of the market share within the EU, with well over 80,000 staff providing services for more than five million businesses, including SMEs, European and overseas banks, as well as the public sector across the EU.
One of the key activities of FENCA is to set and continuously improve business standards and good practices within the sector across the EU, to which its members subscribe in order to provide the best possible service to creditors, clients and consumers alike.
The European credit management, debt collection and debt purchase sector re-injects between 45 and 55 billion Euros of valid claims back into the EU-economy each year, thereby securing above all the liquidity of micro, small and medium enterprises within the EU, while helping to keep the cost of credit at a reasonable level for all consumers.
PRA Group becomes FENCA Industry Partner
Berlin, 5 August 2024
FENCA is delighted to announce that PRA Group, Inc. has become the latest FENCA Industry Partner!
Commenting on PRA Group’s decision, Claus Spedtsberg, President of FENCA, said:
“On behalf of the FENCA Board and all member organisations I would like to welcome PRA Group as our latest FENCA Industry Partner (FIP). The fantastic support of our FIPs is absolutely crucial for the continued success of FENCA as the voice of the credit purchasing and servicing industry in Europe. We look forward to the expert input from PRA Group as one of the leading enterprises in our sector worldwide to work together for the advancement of our industry."
Martin Sjölund, President of PRA Group Europe, commented:
“As a global leader in acquiring and collecting non-performing loans, PRA Group is delighted to join FENCA as an industry partner. We look forward to contributing insights and expertise from across our European markets, while working closely with FENCA’s membership to advocate for the best outcomes for our customers”.
FENCA members and FIPs subscribe to continuously improve business standards and good practices within the sector across the EU, in order to provide the best possible service to creditors, clients and consumers alike.
