Colligent acquires large portfolio of consumer credit

Colligent, which is part of the Collector Group, has entered into an agreement to acquire a major Swedish portfolio of overdue consumer credit.

The agreement includes a credit portfolio with a total amount receivable of approximately SEK 500 million. The acquisition is being financed in full through the Group's own funds. The seller is one of the major players in the Nordic consumer credit market. The transaction is expected to have a positive effect on earnings effective from the second quarter 2018.

Colligent, which is a wholly owned subsidiary of Collector AB (publ), has extensive experience of administration of customers experiencing payment difficulties, in corporate as well as in private market. In conjunction with its completely digital platform, Colligent is well equipped to handle this kind of business.

"The transaction is an important step in our strategy to become a comprehensive service provider to the Nordic banking and finance markets. We have an effective organisation with friendly and professional employees who are ready to take care of our new customers," says Susanne Bruce, CEO of Colligent..

For additional information:
Susanne Bruce, CEO Colligent I Telephone +46 70 828 24 47 I E-mail susanne.bruce@collectorbank.se
Clara Bolinder-Lundberg, IR Manager I Telephone +46 70 719 84 43 I E-mail clara.bolinderlundberg@collectorbank.se

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