Collectius acquires 210 000 non-performing loan (NPLs) in the Philippines
Collectius acquires a 300 million USD non-performing loan portfolio (NPLs) from a financial institution in the Philippines. The deal with a local bank further strengthens Collectius position as the preferred debt purchaser of consumer non-performing loans (NPLs) in the ASEAN region.
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 onthe company vision of creating a world where every person, regardless of background, has the financial know-how to grow with the economy.
“This deal is a part of many daily steps that Collectius makes to reach our Vision; Our vision is simple. We want to create a world where every person, regardless of background, has the financial know-how to grow with the economy. “
Gustav A. Eriksson CEO Collectius Group
“We are delighted to have this acquisition in Philippines it is a strong signal that the financial industry is confident with how Collectius have managed our acquisitions. We have also uphold our vision to support customer to become debt free.”
Kian Foh Then COO Collectius Group; referring to below letter from one of Collectius Philippine many customers.
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 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.