Aremas is Fortis’s in-house debt collection company, collecting defaulted loans from individuals granted by most of Fortis’s Belgian and Luxembourg subsidiaries, including Alpha credit, Fortis Bank Belgium, Fortis Bank Luxembourg, ICS Belgium and Fortis Insurance Belgium.
With this acquisition, EOS strengthens its market position, particularly in its highest-turnover business unit of receivables management.
Marc Luet, CEO retail international and consumer finance at Fortis, commented: With the combination of Fortis’s skills in the collection of financial debts and its sizeable operations, teamed with EOS’s European scale and industrial expertise in all debt collection areas, we want to develop Aremas into a tier one player in the growing Belgian debt collection market.
Hans-Werner Scherer, chairman of the board of directors of EOS, added: The expansion strategy of Fortis is a perfect complement to the growth plan of EOS. There are a lot of opportunities to be exploited and the new partnership is all geared up to do that.
