QUALCO inaugurates its subsidiary in Cyprus, Qualco Cyprus Ltd
Qualco, the trusted leader in debt management, is continuing on its clear course of international expansion and has inaugurated Qualco Cyprus Ltd.
As effective management of distress debt is of strategic importance and a key component for the country’s economic recovery and growth, Qualco Cyprus’ mission is to address the debt management challenge of financial institutions and other debt originators by capitalizing on the Group’s international experience and business know-how.
Over the last fifteen years, Qualco has been actively engaged in the debt management industry across different markets worldwide, formulating customer centric policies, methodologies and blueprint strategies. Its value proposition is based on the fundamental principles of reputational excellence and operational effectiveness, aiming to forge mutually beneficial relationships between key stakeholders.
Qualco’s end to end offering ranges from state of the art Technology to Business Process Outsourcing (BPO) services and Advisory services based on advanced predictive modeling. The aim is to bring measurable performance improvement to its customers’ portfolios.
During the inauguration event that took place at A. G. Leventis Gallery in Nicosia, Orestis Tsakalotos, Qualco’s Group CEO, commented:
“The investment in Cyprus states our commitment to bring experience and technology to the Cypriot market and to all entities facing the challenge of handling debt, in an efficient, fair and socially sustainable manner. We are proud that we have already initiated our very first important strategic partnerships, such as with the Hellenic Bank and the Central Cooperative Bank, and we have started implementing our methodologies and providing specialized services. We are in the process of further strengthening our operational, executional and delivery capacity in Cyprus by engaging with local senior professionals and industry experts”.