Resurs Bank has signed an agreement for an expanded partnership with credit management company Axactor in Norway
Resurs Bank, a wholly owned subsidiary of Resurs Holding, has signed an agreement for an expanded partnership with credit management company Axactor in Norway. The agreement comprises the sale of Resurs Bank’s delinquent receivables and credit card receivables in Norway. The first transfer is expected to take place in March 2020. The transfers are expected to have a marginally positive impact on Resurs Bank’s capital requirements, liquidity and earnings. Resurs Bank’s loan receivables that are more than 90 days past due will be sold to Axactor under forward flow agreements, and credit