Concord Asset Management AD is a subsidiary of Web Finance Holding AD.
Web Finance Holding AD is a Bulgarian company, founded in 2002, with main business activities: consulting and management of debt portfolios, management of companies in liquidation, as well as companies in liquidity crisis, consulting and legal services. The company is specialized in conducting transactions for the acquisition of receivable rights and assuming the risk of collecting these receivables; financial and commercial operations with credit portfolios, restructuring and management. For the period of its existence, Web Finance Holding AD has successfully implemented the realization of the acquired receivables packages from companies which has been declared insolvent and liquidated to date: Dobrudzanska Banka AD, Capitalbank AD, Crystalbank AD, Agricultural Credit Bank AD, International Bank for Trade and Development AD, receivables packages of TSBank AD and First Private Bank AD. Partners of Web Finance Holding AD include Bulgarian and foreign companies, commercial banks and investment companies, including UniCredit Bulbank AD, Eurobank EFG Bulgaria AD, DSK Bank AD, Bulgarian Development Bank AD, United Bulgarian Bank AD, Central Cooperative Bank AD, Actavis AD and many others. During the period 2010 – 2012, the company transforms its main activity from receivables collecting to structuring a financial group – holding.