Hoist Finance completes UK unsecured operations divestment

Hoist Finance has completed the divestment of the UK credit management subsidiary including its unsecured NPL portfolios, originally announced on 13 April 2022.

As previously communicated the enterprise value of the transaction is approx. SEK 4,500 million. The net transaction gain will be higher than previously announced and result after tax amounts to around SEK 200 million and the CET1 ratio is estimated to increase by approx. 260 basis points.

For more information, please contact:
Ingrid Östhols, Head of Communications & Investor Relations
Telephone: +46 (0) 72 506 1423
E-mail: ir@hoistfinance.com

About Hoist Finance
Hoist Finance is a trusted debt resolution partner to individuals, companies and banks in eleven European countries. With over 1,500 dedicated colleagues, smart digital solutions and a deep understanding of individual financial circumstances, we help over six million customers keep their commitments. This is achieved by agreeing on sustainable repayment plans so that everyone is included within the financial ecosystem. Hoist Finance has a diverse portfolio of asset classes and our online savings platform in Sweden, Germany and UK enables our unique funding model. Hoist Finance was founded in 1994 and is today a public company listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.