Hoist Finance acquires non-performing loans from Polish company GetBack

As communicated to the market, Hoist Finance has submitted an offer to acquire assets held by Polish debt management and collection company GetBack. Hoist Finance has now entered into an agreement to acquire assets at a value up to approximately PLN 400m. More than 95% of the assets are comprised of non-performing unsecured consumer loans; a minor part includes secured consumer and SME loans. The transaction is expected to close in mid-April, subject to approval by relevant authorities and stakeholders, including the court supervisor of GetBack.

“Hoist Finance is committed to continued growth and in-market consolidation. By signing this agreement with GetBack, we are delivering on our strategy of growth and increased operational efficiency”, says Klaus-Anders Nysteen, CEO of Hoist Finance.

“The Polish market is mature, professional and growing and we are very pleased to be able to strengthen our presence in the Polish market”, says Maksym Wójcik, Country Manager Hoist Finance Poland.

For further information please contact:

Julia Ehrhardt, Acting Group Head of Investor Relations

Telephone: +46 (0)70 591 73 11

About Hoist Finance

Hoist Finance is a trusted debt restructuring partner to international banks and financial institutions. We are specialised in serving banks in handling non-performing loans, and supporting individuals in becoming debt free. Through expertise and rigorous compliance we earn the banks’ trust. Through respect, honesty and fairness we earn the trust of our customers. For further information, please visit hoistfinance.com.

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