Hoist Finance acquires NPL portfolio in UK
Hoist Finance has entered into an agreement to acquire a UK portfolio of non-performing loans, comprising of unsecured consumer loans. The total outstanding balance is approximately SEK 2.75 billion. The total investment is approximately SEK 1.0 billion. “We are pleased to announce this acquisition of a major portfolio in the important UK market. The previously announced divestment of our existing UK unsecured portfolio and credit management operations releases capital that we now invest in portfolios with attractive returns. In accordance with our UK strategy, credit management of this