Firstcity Financial Corporation - FCFC- Profile

FirstCity Financial Corporation. The Group's principal activities are acquisition, management, servicing and resolution of Portfolio Assets. The activities of the Group are divided into two reportable segments: Portfolio Asset Acquisition and Resolution where in the subsidiary acquires and resolves portfolios of performing and non performing commercial and consumer loans and other assets that are generally acquired at a discount to face value. Consumer Lending activities which include the origination, acquisition and servicing of sub-prime consumer loans principally secured by automobiles with the intention of selling the acquired loans in securitization transactions. The Group majorly operates in United States, Latin Americia, Europe and Mexico. Acquires, manages, services & resolves portfolios of performing loans, non-performing loans, other real estate & financial asset