Collectius Successfully Executes Pioneer Debt-Purchasing Deal in Malaysia With a Multinational Financial Institution to Further Increase Its ASEAN Focus
Kuala Lumpur, Malaysia, March 20, 2017 (Newswire.com) - In early March 2017 Collectius purchased a non-performing loan portfolio consisting of 66,500 consumer-financing debts with a total value of more than USD50m from a Multinational financial institution in Malaysia. This transaction is to further increase its ambition as the leading company in the credit management industry in ASEAN.
“This deal is a milestone and a clear signal to the market that we are a reliable partner for debt sellers in ASEAN. We are very serious, have deep pockets and risk appetite and that is why our clients prefer us,” says Gustav A. Eriksson, the Group CEO of Collectius.
Collectius, a reliable partner for debt sellers in ASEAN.
The broader deleveraging of the European banks has reduced the need for financial institutions to fund themselves and allowed fresh capital to enter the system. In that way selling of non-performing loans has strongly benefited the European banks.
“European loan sales broke through the €100bn mark in 2016 and could surpass €200 billion this year,” says David Edmonds, the Global Head of Portfolio Lead Advisory Services at Deloitte.
Collectius is bringing knowledge and systems in debt purchasing of consumer NPL’s to ASEAN and are using the same approach for collections as in Europe which is based on helping its debtors to become debt free through counseling and mediation's.
“This trend is now coming to South East Asia and we are here to help banks and financial institutions to deleverage and be a long-term partner for them in both good and bad times. We are here to stay,” says Tibor Veres, the Chairman of Collectius AG Switzerland.
Collectius Group:
Collectius is a credit management and debt purchasing company that specializes on acquisition of consumer NPL portfolios from banks and financing companies. Collectius goal is to unburden the debtor through from debt and to integrate them into a lifestyle free from debt. Collectius funded through its Swiss holding company in Zug, and its largest financier is Stena a Global Shipping Conglomerate with HQ in Gothenburg, Sweden.
Collectius AG
CEO Gustav A. Eriksson
gustav@collectius.com
+65 9395 0500
c/o Stena Switzerland AG
Bahnhofplatz
6300 Zug
Switzerland
Source: Collectius