Hoist Finance’s Annual Report for 2016 focuses on the company’s position in the financial ecosystem and the corporate culture and values
Today Hoist Finance released its annual report for 2016. The report can be found on our corporate homepage www.hoistfinance.com. This year, focus has been to describe Hoist Finance’s role in the financial ecosystem, the market and the company's corporate culture and values.
- We summarise 2016 as another successful and profitable year for Hoist Finance. During the year we continued to strive towards our vision – a leading debt restructuring partner to international banks and financial institutions. At the same time we showed a high and stable growth rate. During the year we entered into a strategic partnership with the Bank of Greece, assisting Greece in restructuring the Greek banking sector. We were assigned a Ba1 long term issuer rating by Moody’s, and we diversified and broadened our funding base through a successful bond issue. We also entered the Spanish market and can now fully support the Spanish banking industry with our high-calibre services, says Jörgen Olsson, CEO Hoist Finance
Copies of the annual report can be ordered by sending an email to info@hoistfinance.com
For further information please contact:
Michel Jonson, Group Head of IR
Telephone: +46 (0)8 555 177 19
This information is information that Hoist Finance AB (publ) is obliged to make public pursuant to the Securities Markets Act (Sw: lagen om värdepappersmarknaden). The information was submitted for publication at 10:00 CET on 22 March 2017.
About Hoist Finance
Hoist Finance is a leading debt restructuring partner to international banks and financial institutions, offering a broad spectrum of advanced solutions for acquisition and management of non-performing unsecured consumer loans. Hoist Finance operates through eleven in-house collection centers across Europe, complemented by local external debt servicing partners. The total carrying value of Hoist Finance’s acquired loans was approximately SEK 12.7 billion as per 31 December 2016. The parent company Hoist Finance AB (publ) is listed on Nasdaq Stockholm Mid-Cap list and its subsidiary Hoist Kredit AB (publ) is a regulated “Credit Market Company” under the supervision of the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). In Sweden, the company offers internet-based savings deposit services through HoistSpar, with around 85,000 accounts.
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