Latest News Headlines
Commercial Credit News
|Hoist Finance acquires large diversified banking portfolio in the UK|
|Thursday, 02 July 2015|
Hoist Finance AB (publ), a leading pan-European debt restructuring partner to international banks, has acquired a diversified banking portfolio from Compello Group. The acquisition consists of more than one million banking claims originated by 19 different financial institutions and an established and proven collections platform with 178 full time employees (FTEs). The portfolio has approximately £218 million 10-year Estimated Remaining Collections (as at 30 June 2015).
“This transaction is firmly in line with our strategy to strengthen and expand our market position in our core markets. In addition we continue to build on key economies of scale, namely from an operational as well as an analytical perspective. The acquisition also adheres very well with our target to purchase portfolio volumes during 2015 in line with or higher than the previous years,” says Jörgen Olsson CEO of Hoist Finance.
Forums International Ltd
Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.
Find out more here.
The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.
CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.
As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.
Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.
GTS Media Ltd
81 Cambridge Road
Registered in England No: 05483197