Europe’s Biggest Debt Collector Sees Rise in Late Payments

Intrum AB, the biggest debt collection company in Europe, says its latest survey of businesses in the region shows many are bracing for growing payment issues.

“Companies themselves expect increases in late payments,” Anders Engdahl, Intrum’s chief executive, said by phone. “Overall, the aggregate loan-to-value ratio in relation to GDP in the European economy has increased quite sharply in 2021.”