Axactor Germany makes two NPL acquisitions from two large financial institutions
Oslo, 11 September 2017 - Axactor has acquired two portfolios of NPL Loans including auto financing and personal loans in Germany. The portfolios have an outstanding balance of EUR25.7m across over 4,000 cases, with both containing a significant number of existing payment plans, generating cashflow right from the acquisition. The transactions complement the recent service contract announced last month, further strengthening the Axactor hybrid model focusing both on servicing and purchasing NPL claims across key European markets. Doris Pleil, country manager and managing director