New partnership signed between Axactor and one of the primary Italian Financial Institutes

Axactor Italy, part of the Axactor ASA international Group, specialized both in the purchase of NPL portfolios and in the management of non performing loans on behalf of third parties, with operating platforms in Finland, Germany, Italy, Norway, Spain and Sweden, announces the subscription of a new agreement with one of the leading Italian financial institutions.

The partnership provides the acquisition of an NPL portfolio with a GBV of over 42 million euros and approximately 5 thousand Retail Consumer Unsecured positions consisting of personal loans, targeted loans, credit cards and other loans. A second transaction, with the same characteristics, will be completed by the end of the year.

This is a new collaboration for Axactor which expands its customer panel in the Italian financial market.

Antonio Cataneo, Country Manager of Axactor in Italy commented: “We are very proud to be able to announce this new partnership which consolidates Axactor's role in the Italian Debt Management market. A new challenge that confirms the Group's willingness to continue investing in Italy. "