SIA “GS Core” is a group company of the Swedish financial holding company “Marginalen AB”, which offers its cooperation partners to take over debtors accumulated in the balance sheet of your company as a result of assignment transactions.
SIA “GS Core” has included all the best Scandinavian traditions in its values and the long-term experience of shareholders in the financial and credit management market makes the company one of the most competitive companies in the Latvian assignment market.
SIA “GS Core” performs economic activity in accordance with the regulatory enactments of the Republic of Latvia and immediately after the establishment of the company the company has received a special permit (license nr.PA-2021-5) for the provision of debt recovery services in the Republic of Latvia.
In order to participate in the improvement of the regulatory framework of the industry and to adapt it to the internationally recognized out-of-court debt recovery practice, SIA “GS Core” has joined and participates in the Latvian Out-of-Court Debt Recovery Association.
The Swedish financial holding company Marginalen AB, based on EU decisions aimed at reducing the share of non-performing loans (NPL) in Europe, decided to establish new companies in all 3 Baltic countries - SIA “GS Core”, UAB “GS Core ”, OŪ“ GS Core ”. The purpose of the business activities of the newly established companies is to purchase the purchase of bad assets that have entered the secondary market and to organize their recovery in the long run.
The business objectives of the companies concerned are in line with the European Union's development strategy, as set out, inter alia, in the European Commission's final report on tackling non-performing loans COM (2020) 822