Collectius buys 160M USD of non-performing loans from a major Indonesian bank, enabling a sustainable financial way forward for thousands of people.
The acquisition will enable the bank to focus on its core business, whilst assured its clients are able to work with Collectius to create financially sustainable, individual payment plans to help them grow with the economy.
The deal is the most recent in a series of major partnerships done by Collectius in Indonesia, set to further cement Collectius as the natural choice for banks in Southeast Asia.
“The portfolio acquisition is a major growth opportunity for both parties. The bank will be able to grow its business, and Collectius adds another successful partnership to its growing presence in Indonesia,” says Hashim Hassan Country M.D for Indonesia.
“Collectius is here for the long run, and having a long-term strategy enables us to create sustainable payment plans for individuals, which creates a positive impact in local communities. Our team is dedicated to our mission, and we’re excited to take this next step,” says Gustav A. Eriksson, Group CEO, Collectius
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.