28.01.2019, Singapore. – International financial group MBA Consult makes a strategic decision to expand the scope of presence in the Asian region.
In 2018, the MBA Consult Group demonstrated the dynamic business development in Asia: increasing the volume of recovery and the number of personnel, attracting new customers, as well as improving financial and operational indicators. The total Group income of branches located in the priority region –Indonesia, the Philippines, China, India, – rose by 35% compared to last year, while earnings before interest and tax (EBIT) increased by 43%.
Over the last years, Asian region shows the highest GDP growth dynamics against the global decline and economic crisis. In 2015, it was Asia reaching the leading position by GDP. Asian financial sector is growing rapidly, along with the NPL market. According to the World Bank data, the total amount of delinquency in the region amounted $518 bln.
“Asia is one of the most attractive regions for investment in the history of finance. When we were considering entering the Asian market, we knew that the banking system was in the active growth stage, and we had to do a unique job not only in the field of recovery, but also in the formation of legal framework and in the improvement of financial literacy. We were able to achieve excellent results in India, Indonesia, the Philippines and China and we are ready to move forward,” – said Viktor Vodenko, Global CEO of MBA Consult.
In the near future, MBA Consult plans to expand the scope of presence in Southeast Asia by launching operations in Thailand, Malaysia and Vietnam.
Besides, the Group has a strategic interest in promoting business into the Southwest and South Asia: Turkey, Israel, Iran, Pakistan, Bangladesh, Georgia and the CIS countries: Uzbekistan, Kyrgyzstan and Armenia.
“Our plans to promote and strengthen the Group’s position in the Asian region are an important and consistent step after the unifying all companies under the single brand MBA Consult. This is a step towards the achievement of our global goal – Evolution of the global financial system,”- commented Mr. Vodenko.