Collectius acquires first portfolio in Thailand; 23 million USD non-performing loans (NPLs) portfolio from Thai Military Bank (TMB)
Collectius starts the new year by acquiring their first non-performing loan (NPL) portfolio in Thailand from TMB, comprising 6,928 credit cards and personal loans with a total principal value of 23 million USD.
“The acquisition of NPL from TMB is an exciting milestone in our debt acquisition strategy in the Thai market. To make a deal with such a reputable bank as TMB will open up for many more opportunities in the future.”
Ivar Bjorklund who is Head of Portfolio Acquisition in Collectius Group
“We are very pleased with the growing number of trusted partners, banks and financial institutions that wants to partner with us and we are looking bright on our future in Thailand.”
Gustav A. Eriksson, CEO Collectius Group
“The transaction is in consistent with the Bank’s goal to further enhance our asset quality and make us in a stronger position to focus our efforts on creating values for our customers.”
Says Ms. Supreeya Pipatmanomai, TMB Head of Credit Risk Management
Collectius goal is to help debtors become debt free and to integrate them back into the society more financially knowledgeable than before. Collectius is promoting debt collections that have the highest level of compliance, automation, predictive analytics, big data analytics and customer centric offer optimization. Today Collectius operates in the whole of South East Asia
TMB is a Thailand-based commercial bank which aims to provide customers with the “need-based” and “simple & easy” transactional banking products and services to empower customers to get more from banking and effectively achieve their goals.