The BFF Group had 207 million in receivables in Portugal in 2021
ONEAlso according to the institution, last year it acquired credits worth 304 million euros, 23% more than in 2020.
“Of the total of the group’s nine operations, Portugal recorded numbers registered both in loans to customers and in new business volumes, being the operation that grew the most in the entire group”, reads the statement.
The BFF banking group obtained, in 2021, an adjusted net profit of 125.3 million euros, 7% more than in 2020.
In terms of solvency, the capital ratio was 17.6% at the end of 2021.
The BFF also said that it has accumulated millions of euros in the first quarter, which will allow an “accumulated distribution to investors of a total of approximately 3000 million euros as early as October 2021”.
The BFF was born in 1985, pharmaceutical companies with great importance in Italy to charge the State joined and created a consortium to manage these charges, when the force for the escalation is Italian.
Operating in Portugal since 2014 and with a branch since 2019, what BFF Banking Group does not do in the country is buy invoices (‘factoring’) that private companies received from the Public Administration, leaving it to collect and receive the amounts that the state has debt. BFF is one of the most responsible of the Portuguese State in the area of health.
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