Axactor expands existing relationship with Komplett Bank in Norway

PRESS RELEASE 

Oslo, February 24th 2020

Axactor has enhanced their existing relationship with Komplett Bank in Norway, the new agreement will now include the servicing of cards and loans, in addition to acquiring the loans after 180 days in 3PC. The new expected acquisition volume is in the region of 52mEur principal over a 12 month period.

 “Axactor Norway is very pleased to build on the relationship with one of our most important clients. Axactor has been working with Komplett since 2018 and has developed a very good understanding of the underlying claims, allowing for a smooth and efficient move to the new contract.” says Stina Koren, Axactor Country Manager Norway.    
          
This investment will be financed by Axactor’s available cash and our existing credit facilities.  

For additional information, please contact: 
Johnny Tsolis, CFO, Axactor
Mobile phone: +47 913 35 461
Email: johnny.tsolis@axactor.com

About Axactor 

Axactor Group is a next-generation debt management company operating in Norway, Sweden, Finland, Germany, Spain and Italy with an ambitious European growth strategy. Axactor acquires and collects on own portfolios of non-performing loans and also provides debt collection and accounts receivable management for third parties. The debt collection market is estimated to about 1,000 billion euros across Europe, providing significant opportunities for future expansion. The company has approximately 1150 employees. 

To learn more, visit www.axactor.com