Collectius a South East Asia pioneer in debt purchase acquires its third non-performing loan portfolio (NPLs)in Indonesia. The deal consists of a $44 million durable loan portfolio. The transaction further strengthens Collectius’ position as the preferred and trusted partner to leading banks and financial institution in SouthEast Asia when it comes to handling their non-performing loans (NPLs).
On 14th August 2018, Collectius CEO Gustav Eriksson was quoted on the Bloomberg terminal in story:“ Collectius Buys $300m of Bad Loans in First Indonesian Deal by David Yong”. It was written that this is Collectius’ first bad loan portfolio acquisition in Indonesia as banks seek to free up capital for new lending in Southeast Asia’s biggest economy. According to Bloomberg terminal the seller is a multinational bank selling a one-off NPL portfolio of IDR 3.2 trillion face value and another deal of IDR 1.2 trillion principal debt on a forward flow basis.
Indonesia’s banking system recorded a gross NPL ratio of 2.79% in May, according to central bank data; it has risen from a two-year low of 2.59% in December whereas loan growth was 10.23% during the second quarter of 2018, the fastest since the third quarter in 2015. Collectius recently also added $100 million face value of NPLs in the Philippines in July and acquired its first portfolio in Thailand from Thai Military Bank in January, Eriksson told Bloomberg in an earlier story: “Firm Backed by Swedish Money Eyes Distressed Loans in Asean”.
“We are hungry for growth and have the funds ready to further support banks and financial institutions in Indonesia with attractive prices,”
Ivar Bjorklund Chief Commercial Officer Collectius Group.
Through “Collectius Way of Collection” the company is using a collection approach of care, and counselling to help its debtors to become debt free. Today the company reaches over 2 million customers and everyday executing on the company vision of creating a world where every person, regardless of background, has the financial know-how to grow with the economy.
“We are delighted to have our third acquisition in Indonesia; it is a strong sign that the local financial industry is confident with how Collectius have managed our prior acquisitions.”
Hashim Hassan Managing Director Collectius Indonesia
Collectius is a trusted restructuring partner to banks and financial institutions in Asia with operations inIndonesia, Philippines, Singapore, Malaysia and Thailand. Its business is to purchase portfolios of non-performing consumer loans and recover them by supporting its customers to become debt free using the ''Collectius way of collection.'' The company is offering a customer-centric approach and operates a data-driven collection platform powered by machine learning and digital first communication. Collectius is bringing foreign direct investment, providing employment opportunities and high-quality training of its staff. Collectius is funded by Stena, a Swedish shipping conglomerate and the largest ferry operator in the world.