Axactor enters a Forward Flow agreement for unsecured non-performing loan (NPL) claims with Instabank ASA in Norway.
Axactor will acquire fresh unsecured Consumer lending claims, on a monthly basis, from Instabank. The annual volume is expected to be over EUR7m, giving Axactor further regular volumes on top of existing contracts already in place. This deal in combination with several key hires into the Portfolio management team within the Norwegian entity in Axactor, will significantly increase the contribution the acquisition business makes to Norway in 2018. Oddgeir Hansen, Interim Country Manager for Axactor commented "This deal clearly demonstrates the increased focus from both Group and Local