Nordax plans to start selling non-performing loans

Nordax has reached a principle agreement on cooperation with the credit management services company Lindorff to continuously sell non-performing loans in Sweden, Norway and Finland. The first sale is expected during the second quarter of  2017. The sales are expected to have a marginal but positive effect on Nordax results for 2017.As from the second quarter of 2017, up to half of the non-performing loans that are overdue more than 90 days will be sold to Lindorff (so called forward-flows). By selling the non-performing loans, the cash flow from such loans is accelerated and Nordax’s risk