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11 December 2017, 10:04 CET
Axactor acquires an unsecured non-performing loan (NPL) portfolio in Sweden
Oslo, 11 December 2017 - Axactor Sweden have acquired a fresh unsecured NPL portfolio. The portfolio includes unsecured credit with a total Outstanding Balance (OB) of approximately EUR6 million, across close to 10,000 open accounts of consumer loans and micro-loans. The portfolio allows Axactor Sweden to get invaluable insight into the rapidly expanding micro-finance sector, as well as including the more vanilla consumer loans.
"This acquisition demonstrates Axactor's ability to work with new clients in Sweden and build a well-diversified portfolio. We expect further purchases to follow this one in the coming months.", says Fredrik Kessler, Country Manager Axactor Sweden.
The investments will be financed by Axactor's available cash and our existing credit facilities.
For additional information, please contact:
Endre Rangnes, CEO Axactor
Mobile phone: +47 4822 1111
Geir Johansen, CFO & Investor Relations, Axactor
Mobile phone: +47 4771 0451