Lowell GFKL Group announces NPL acquisitions rise

11th August 2016

Lowell GFKL Group has announced its second quarter results ending 30th June 2016. The results highlighted that Non Preforming Loan (NPL) portfolio acquisitions were up 27% to £247millions in the last 12 months and than an excess of £175 million of portfolio acquisitions have already closed and are contractually committed for 2016. Commenting on the results, Colin Storrar CFO said “I am delighted to announce impressive results for the Group this quarter. Cash EBITDA performance in the quarter is particularly pleasing, as is the step change in medium-term, forward flow acquisition visibility. The combination of our H1 trading, along with the future NPL acquisitions we’ve secured to date, means we look to the second half of 2016 and beyond with optimism.”

Further details on the results can be found here.

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Lowell GFKL Group announces NPL acquisitions rise

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