The portfolio comprises of over 126,000 personal and credit card loans, worth over 80M USD. This transaction will increase the partnering company’s financial leverage, as well as enabling a higher loan loss provision. The move will position our regional partner in a ready state to further improve their credit strength and focus on their business growth.
“The acquisition of this NPL portfolio is one of our largest acquisitions in Thailand. This transaction will secure our financial scalability in terms of capitalization, as well as opportunities to serve a larger pool of debtors. Next year, we will be focusing on further business expansion in various sectors to strengthen our position in Thailand,” says Pimmada Jiaranaipreeda, Managing Director Collectius Thailand.
Kuala Lumpur, Malaysia.
Collectius has acquired two unsecured loan portfolios in Malaysia. By doing this, Collectius continues to support their long-term regional partner in keeping their non-performing loan (NPL) ratio at bay.
The two portfolios comprise of over 50,000 personal and credit card loans, at a value of more than 65M USD. This transaction will increase the seller’s financial leverage, whilst enabling a higher loan loss provision to further improve their credit strength—allowing them to focus on their business growth.
“To make three deals in one month with our regional partner is a fantastic accomplishment by the team. Our Collectius family “beats yesterday” every day in their achievements. Together we are enabling debtors to become debt free all across the region,” says Gustav A. Eriksson, CEO Collectius Group.
Collectius is a trusted restructuring partner to banks and financial institutions in Asia with operations in Indonesia, Philippines, Singapore, Malaysia and Thailand; its business is to purchase portfolios of non-performing consumer loans, and recovers 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.