TDX Group has launched a business to provide services to Spain and Portugal. By incorporating the existing credit risk consultancy business of Madrid based Indigo Value Analysis; the new company is well positioned to grow in a rapidly developing market.
Leveraging TDX Group’s experience in the UK debt market, the business will assist Spanish banks and consumer finance companies in maximizing their returns from delinquent portfolios, at a time when levels of personal debt are rapidly increasing.
Analysis by TDX Group and Indigo indicates that the Spanish retail banking sector is experiencing many of the challenges faced by its UK counterpart in recent years; years of lending growth of over 20%, and the indebtedness associated with that, have led to a doubling of Spain’s personal debt-income ratio of individuals in the last decade - now well over 100%.
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