SEDP: Misleading Picture of Credit Acquisition Companies' Portfolios

The Association of Credit Acquisition Companies & Credit Facility Management Companies (SEDP) has expressed concern regarding recent publications concerning the portfolios of credit acquisition companies. SEDP argues that these publications do not present an accurate and complete picture of the market, as they are based on selective or incomplete data and incorrect analysis. The Association clarifies that it does not have access to the data referenced in the publications, which are said to have been transmitted from the Central Bank of Cyprus to the Parliamentary Committee on Finance and Budget. This makes it impossible for SEDP to further comment on the reports. SEDP emphasizes the need for complete and accurate information regarding the credit acquisition industry, in order to avoid false impressions and misleading conclusions. The accuracy of information is crucial for understanding the operation and size of the industry. Overall, SEDP's statement highlights the importance of transparency and accuracy in presenting financial data, especially in a sector such as credit acquisition companies, which can be complex and affect many citizens.