Encore Capital Sep quarter results last night.
Total global (US/ Eur) collections up 8% pcp and about 30.5m added to P&L from increase in projected future collections. Currently only 2.2m negative assumption to future collections in CY20, so looks like Encore has now added back most of Covid provision.
"...substantial increase in charged-off receivables we believe is coming to the U.S. and U.K. markets in 2021 and beyond."
Encore Capital Sep quarter results last night. Total global (US/...
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