Axactor Group acquires 3 forward flow consumer credit portfolios in Italy

Axactor has concluded three new forward flow agreements with as many financial institutions in Italy.

The portfolios contain unsecured consumer loans, for a total value of 140 million euros for approximately 28,000 positions. The forward flow agreements will have a minimum contractual duration of 12 months.

Massimiliano Ciferri, CEO of Axactor Italy, commented: "These transactions testify to an important increase in volumes managed by the Italian platform, with purchases from some of the most important originators in the market."

The same are part of an important growth plan for 2018 which foresees further transactions in the coming months.