Collectius acquires a 100 million USD non-performing loan (NPLs) portfolio in the Philippines. The transaction permits Collectius to support 170 000 debtors to become debt free.
Collectius acquires their second 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. This is in line with Collectius strategy to serve as the trusted partner to leading banks and financial institution in the ASEAN region in their handling of non-performing loans (NPLs).
Collectius is bringing capital, employment opportunities, knowhow and systems in debt purchasing on consumer non-performing-loans (NPLs), using the collection approach of care, counselling and mediations to help its debtors to become a debt free. Collectius goal is to unburden their debtors and to integrate them into a lifestyle free from debt again.
“This bank deal is another major stepping stone for Collectius in the Philippines and our second bank deal in just a few months; we are really getting closer to our short-term target of 1 million customers! We are hungry to grow and the funds ready to support the growth.“
Says: Ivar Bjorklund Head of Portfolio Acquisition in Collectius Group
“We are delighted to have our second 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 help customer to become debt free.”
Says: Kian Foh Then Managing Director Collectius Philippines; referring to below letter from one of Collectius Philippine many customers.
“This deal is a part of many daily steps that Collectius makes to reach our Mission and Vision; Enabling our customers, a debt free life, by reshaping debt collection through technology & mediation. Making each point of contact a positive beginning.“
Says: Gustav A. Eriksson CEO Collectius Group .
Photo: the Collectius team in Manilla are ready to help 170 000 new customers to become debt free
Collectius Group is a multinational credit management service and asset management company with operation in Philippine, Singapore, Malaysia and Thailand. With nearly two decades of experience in credit management service and purchase of non-performing loan portfolios of distressed consumer debt. Collectius is funded through its Swiss holding company in Zug, and its largest financier is Stena, which is a Swedish shipping company conglomerate.