The Axactor Group purchases another consumer credit portfolio in Italy.

Axactor Italy acquired another unsecured consumer credit portfolio from a leading Italian banking institution. The portfolio has a GBV of around € 145m for nearly 19,000 cases.

Oddgeir Hansen, COO of Axactor Group and interim Country Manager of Axactor Italy, commented “This acquisition represents an important element for our business in Italy. Thanks to this operation and other recent acquisitions, we have laid the foundations for strong growth in 2019 and achieved an immediate positive impact on revenues."

The purchase will be financed both with own funds and through existing bank loans.