10 September 2019

Axactor Italy

Maximum confidence of the banking system to support exceptional growth

Axactor Italy, part of the International Axactor Group, a leading player in the Italian credit purchase and collection market with over twenty years of experience in the sector, announces that it has renewed its credit lines with 7 financial institutions operating in the Piedmont area and Italian.

The renewal was obtained at the end of a dedicated roadshow, during which the Axactor Italy Managers presented the ambitious and sustainable growth plans that will see the company play a leading role in the Italian market for the purchase of NPL portfolios. and in the management for third parties, through innovative methods and partnerships in a win – win logic.

The Event was also an opportunity to present the positive results obtained in the first half of 2019, which closed with a turnover of approximately Euro 11.3 million and a growth of over 90% compared to the same period in 2018.

These financial resources are in addition to those already in place and to those made available by the Axactor Group aimed at supporting the growth of the countries in which it operates - Italy, Finland, Germany, Norway, Sweden and Spain.

Antonio Cataneo, CEO of Axactor Italy commented: "This operation was created to support an unprecedented growth of Axactor Italy and that the banking system considers of absolute interest, for the investment returns achieved to date and the reliability of the recovery estimates, both for proprietary credit portfolios, and for the performances relating to the third party collection and in relation to new business and expansion areas currently under study."

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Filippo Mantovani

Finance Director Italy