Collectius is making a break through deal in the South-East Asia (SEA) debt buying markets by acquiring a non-performing loan (NPL) portfolio from a major bank in the Philippines. The deal consists of 340 000 credit cards and personal loans with a total principal value of 350 million USD. Earlier this year Collectius acquired CJM Solutions a debt collection agency with headquarters in Manilla.
“This bank deal will open up for many more opportunities in the future. We have deep pockets and are hungry to grow our business. We feel that we are the preferred choice of many banks today “
Collectius goal is to help debtors become debt free and to integrate them back into the society more financially knowledgeable than before. Collectius is promoting debt collections that have the highest level of compliance, automation, predictive analytics, big data analytics and customer centric offer optimization. PwC has been advising Collectius in its debt acquisitions in the Philippines.
“Backed by a reputable Swedish conglomerate, Collectius has the financial strength and can work swiftly and collaboratively in its deals.”
“This is a team work and we are grateful for the team effort in bringing this deal together, the bank, the advisors and our Collectius family. Together we are enabling debtors to become debt free”
Collectius Group is a multinational credit management service and asset management company with operation in Philippine, Singapore, Malaysia and Thailand. With nearly two decades of experience in credit management service and purchase of non-performing loan (NPLs) portfolios of distressed consumer debt. Collectius is funded through its Swiss holding company in Zug, and its largest financier is Stena, which is a Swedish shipping company conglomerate.