Debt Purchaser, Intrum has announced that it is reorganising its regional structure combining Spain, Portugal and its newly acquired unit in Brazil, communicated in the Interim Report 24thof July, into a new region to be called – Iberian Peninsula and Latin America. The new Intrum region takes shape based on the strong cultural, historically and…

European Private Equity firm AnaCap Financial Partners has announced that it has acquired a corporate debt and loan portfolio from Slovenia’s second-biggest bank Nova KBM. The acquisition portfolio consists of semi-performing or non-performing credit assets comprising primarily consumer, small and medium-sized enterprises and mortgage debt across Europe. In a company statement Anacap said, “In addition to completing…

Irish bank permanent tsb (PTSB) has announced that it has agreed to sell a Non-Performing Loan (NPL/) portfolio to retail credit firm Start Mortgages DAC supported by LSF Irish Holdings 97 DAC, both affiliates of the Lone Star Funds. Start Mortgages has been authorised by the Central Bank of Ireland since November 2008 and will become the…

New figures from analytic software specialist Fico with Euromonitor International and UK Finance, has indicated that the UK has made significant gains in the fight against payments card fraud in 2017. France and the UK achieved reductions of 6 and 8 percent, respectively, for the biggest reductions in net fraud losses. This is despite losses across the…

Arrow Global has announced that it is poised to acquire Norfin Investimentos S.A (“Norfin”), a manager of real estate investments in Portugal. The acquisition further strengthens Arrow Global’s asset management and investment capabilities, is highly complementary to Arrow’s existing Whitestar platform, and will allow the Group to offer a comprehensive set of servicing solutions to…

Encore Capital Group has announced that it has completed its acquisition of the remaining interest in Cabot Credit Management (Cabot) meaning that Cabot is now a wholly owned subsidiary of Encore. The transaction is expected to be accretive to Encore earnings in 2018 and beyond, and Encore’s earnings per share growth are expected to accelerate to…

European debt purchasers Intrum has announced its latest quarterly results. Mikael Ericson, President and CEO for Intrum said “We are pleased with a strong second quarter and are delivering gradually improving results across all areas of the business: solid investment level whilst maintaining returns, pricing discipline, excellent collection performance, hitting the improved synergy targets, improving…

Hoist Finance has announced that it has entered into an agreement to acquire a French non-performing retail mortgage portfolio with approximately 1.000 claims and an outstanding balance of approximately 1.000 MSEK. The seller is one of the largest mortgage banks in France and the portfolio acquisition represents an investment in excess of €50 million. Fabien Klecha,…

Greece’s largest lender Piraeus Bank said on Monday it agreed to sell a pool of unsecured non-performing loans (NPLs) to APS investments, confirming what banking sources told Reuters last month. The portfolio labelled Arctos, includes credit card and consumer loans and is part of effort to shrink the bank’s bad debt load. The sale of the…

Greece’s largest lender Piraeus Bank has announced that it has agreed to sell a 1.45 billion euro portfolio of secured, non-performing business loans to Bain Capital Credit as part of moves to reduce its bad debts. Greek banks have been under regulatory pressure to tackle their bad debt problem, which restricts their ability to expand…

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