Monthly report: in February we achieved 113% of our plans

Our heads may be spinning over the past few weeks’ events, but our portfolios are moving forward. In February, our company r2p Singapore, which specializes in the analysis and purchase of defaulted receivables, reported excellent results and met its plans.

“But first, we want to express our regret for the victims of this senseless war and show our support for Ukraine in its fight against the occupiers. Like many others, we have taken the path of financial and material support. We are mixed with anger, helplessness, and hope that peace talks are in the pipeline and this world-threatening conflict will soon be averted,” the company’s statement reads.

Despite all that is happening in the world, the company was 113.2 percent on schedule. Several new portfolios were acquired in February. These include a portfolio of outstanding receivables from a leading Mexican financial company that operates in the Mexican and Brazilian markets and in the US. The value of the debt package exceeds EUR 20.5 million.

New Territories

“Furthermore, we are pleased to announce the addition of our first portfolio from Kazakhstan. We firmly believe that the new cooperation will be successful. We are already working on closing additional deals in this territory,” the company’s report reads.

The performance of our portfolios in the Czech Republic exceeds 171.9%, with the Indonesian portfolios generating a gain of 111.7%. r2p Singapore has a total of 51 portfolios under management spread across Asia, Europe, and the Americas.