Detailed information needed
1) Is it possible to operate pure online business? Legal acts (if there are such), that regulates distance contract signing with customers?
2) Credit History databases in the market – names, offered products, data sources (government services, banks, other institutions – that share of data), record counts, contacts;
3) In 2014 non-banking financial institutions had negative financial result of 26.9 million BAM (13.8 million EUR), caused by substantial business losses. Constant decline of balance sheet sum, decrease in demand for loans and limited availability of financing sources for some MCOs indicate the need for consolidation of this sector, which would lead to establishment of a small number of stronger and sounder MCOs” -
What was the reason behind such business losses? What are market tendencies now?
information from Financial stability report 2014