Financial Institutions – Outstanding Receivable Management Solutions
BIBO Limited was featured in the Financial Services Awards of Excellence series published in Hong Kong Economic Journal on 15 October 2020.
In a recent interview with Hong Kong Economic Journal, BIBO CEO Ka Ming LEE alluded to an upspring of arrears in the market following the coronavirus outbreak this year. Our business volume grew by about 20% since the beginning of the year. “In the face of the pandemic, the public suffers from weakened financial and repayment ability. We therefore endeavour to understand debtors’ difficulties through patiently listening to them. By proactively initiating communication with our clients, we put together a reasonable and mutually acceptable plan that alleviates the pains for all involved,” he said.
In view of the pandemic, BIBO also introduced a contingency plan to help commercial clients handle their debts collection exercise as scheduled in possible emergencies. We flexibly cater to our clients’ needs and particulars, and our accounts receivable services can be arranged as early as the same day they place their requests. Progress reports are submitted daily to ensure seamless integration into their normal operation.
This full article is only available in Chinese.