Axactor acquires secured NPL Portfolio in Spain

Axactor Spain has acquired a new secured portfolio valued at EUR 40M. The portfolio consists of 276 casesand more than 300 assets.

This sale is the first of its kind made by the financial institution in Spain, being the second transaction between both companies in 2019.

After a period of time focused on the acquisition of unsecured portfolios, Axactor returns to the secured segment, demonstrating once again the ability of the company to undertake different projects regardless of the origin and type of portfolio.

Diversification in all NPL typologies (Secured, Unsecured and REOs), combined with third party service, guarantees a profitable and sustainable business model over time.

Andres López and David Martín, General Directors of Axactor Spain: "We are proud of the work carried out by our entire team, Axactor continues to grow and we hope to close similar operations throughout 2019"