Collectius is pioneering debt purchase in Indonesia and signs its first non-performing loan portfolio (NPLs) in Indonesia. The deal consists of a $300m portfolio and the transaction includes a one-off deal plus a five year forward flow. The transaction further strengthens Collectius’ position as the preferred and trusted partner to leading banks and financial institution in South East Asia when it comes to their handling of non-performing loans (NPLs).
On the 14th of August 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 3.2t face value and another deal of IDR 1.2t principal debt on a forward flow basis. Eriksson further told Bloomberg that they were looking for IRR’s of 15-20% from the NPL portfolios across Asean in general and that the rate depended on the risks associated with each market.
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% in 2Q18, the fastest since 3Q15. Collectius recently also added $100m 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”.
Collectius is bringing capital, employment opportunities, knowhow and systems in debt purchasing and handling of consumer non-performing-loans (NPLs), using the collection approach of care, and counselling to help its debtors to become debt free. The company has reached over 1.2 million customers and is every day trying to help its debtors to become debt free.
“We are hungry to grow with funds ready to further support banks and financial institutions in Indonesia with attractive prices.”
“We are really excited to commence our work in Indonesia and to implement our Collectius way of Collection based on helping debtors to become debt free.”
Collectius Group is a multinational credit management service and asset management company with operation in Indonesia, Philippines, Singapore, Malaysia and Thailand with nearly two decades of experience in credit management and purchase of non-performing loan portfolios. Collectius is funded through its Swiss holding company in Zug, and its largest financier is Stena, which is a Swedish shipping company conglomerate and the largest ferry operator in the world.