Atradius Collections to Strengthen its Presence in South East Asia

AsiaNet 52026

SINGAPORE, Feb. 5, 2013 /PRN=KYODO JBN/ --

     Atradius Collections is strengthening its activities in the South East

Asia region by expanding its Singapore office. With immediate effect the office

will handle all collections activities for region, serving customers as a local

hub for the growing activities and catering to the increased demand in Asia.

    The Singapore office now handles all cases from Bhutan, Brunei, Cambodia,

Indonesia, Laos, Malaysia, Philippines, Singapore, Thailand and Vietnam.

Atradius Collections' Hong Kong office will continue to serve the Northern Asia

region.

    "South East Asia is developing fast and it makes sense to offer debt

collection service to the wider market and serve our customers better by

providing both local operation and customer services. It is the appropriate

time now for us to strengthen and expand our activities in this potential

region," says Raymond van der Loos, Managing Director of Atradius Collections.

    Atradius Credit Insurance, also part of the Atradius Group and working in

close cooperation with Atradius Collections, is active in the region and a

trusted partner in credit management for over 85 years. "Support and growth

from Atradius Credit Insurance will help to extend our capabilities and allow

us to offer an integrated solution which helps businesses grow in South East

Asia while managing their trade risk in balanced manner," says van der Loos.

    Overall, Asia is the fastest growing region for international business and

international trade. This region is of strategic importance to diversify growth

for businesses. Many global companies have set up their regional office in

Singapore, serving the South Eastern region. Nevertheless, there are unexpected

challenges, especially for Western businesses, when collecting in the region.

Knowledge about local taxation and a country's legal systems are critical,

therefore trusting in local support is critical for its success. Resources,

such as international business organizations or chambers of commerce, help

establish foreign-owned businesses with legal and credit management contacts

and explain how the foreign system works. A successful option is engaging a

dedicated debt collection service with experience in collecting debt, such as

Atradius Collections.

    About Atradius Collections

    Atradius Collections, a business unit of Atradius Group, provides

efficient, quick and flexible solution to recover domestic and international

trade debts. With over 300 staff in 20 offices and an extensive network of

collections specialists and lawyers worldwide, Atradius Collections serves more

than 15,000 customers and handles, on average, 120,000 cases a year. Over 85

years of global credit management industry experience, uniquely positions

Atradius Collections as a worldwide leader in business-to-business debt

collections. Please visit http://www.atradiuscollections.com for more

information or contact your local Atradius Collections.

    Contact details Singapore office:

    Atradius Collections Pte Ltd

    8 Shenton Way 31-02

    Singapore 068811

    Ms. Jennifer NG

    Sales Manager, South East Asia

    Tel.: +65-6372-5350

    Email: jennifer.ng@atradius.com

    Press contact:

    Corinna M. Lohse

    corinna.lohse@atradius.com

    Phone: +31-20-553-3028

    SOURCE: Atradius N.V.