11 October 2018, 12:54 CEST

Axactor Group

Press release

Axactor sustains growth as a 3PC servicer in the Spanish market

Madrid, 11th October 2018

Axactor Spain has renewed 3 contracts providing debt collection services with 3 large financial institutions, along with signing 2 new contracts with a substantial real estate servicer and a large insurance company. The combined annual contract is EUR 3.5m across all 5 contracts. The 5 new contracts are for 12 months and renewable for further 12 months.

"Achieving growth with existing clients is just as important as adding new ones in the Axactor outsourcing model and the Spanish team have clearly demonstrated they are focused on achieving this to ensure a balanced business model. In addition, it is also always good to bring new relationships into the business, especially in this case increasing our outsourcing services to real estate & insurance clients.", says Endre Rangnes, CEO Axactor.

"The Axactor team is proud to reinforce its strong position providing 3PC services, and we keep building strong relationships with the financial institutions in Spain. With the signature of one of the new contracts, Axactor is positioned as the only servicer that provides services to 100% of the Banks in Spain ", says the General Management Team of Axactor Spain.

For additional information, please contact:

Johnny Tsolis, CFO, Axactor
Mobile phone: +47 913 35 461
Email: johnny.tsolis@axactor.com