<article>Multinational credit management service and asset management company <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Collectius" target="_blank" rel="noopener">Collectius Group</a> has completed its acquisition of a Non-Performing Loan (NPL) portfolio from a leading bank in the Philippines valued at $350 million.</article>

Multinational credit management service and asset management company <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Collectius" target="_blank" rel="noopener">Collectius Group</a> has completed its acquisition of a Non-Performing Loan (NPL) portfolio from a leading bank in the Philippines valued at $350 million.
The deal consists of 340,000 credit cards and personal loans, with Collectius terming it as a breakthrough deal in the Southeast Asia (SEA) debt buying markets.
Professional services firm <a class="tinymce-colortext" style="color: #000080;" href="https://www.dealstreetasia.com/?s=PwC+Philippines" target="_blank" rel="noopener">PwC</a> served as Collectius&#8217; advisor for the transaction.
Collectius Group&#8217;s head of portfolio acquisition Ivar Bjorklund said the bank deal will open up many more opportunities in the future.
&#8220;We have deep pockets and are hungry to grow our business,&#8221; Bjorklund said. &#8220;We feel that we are the preferred choice of many banks today.&#8221;
Earlier this year, Collectius acquired <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=CJM+Solutions" target="_blank" rel="noopener">CJM Solutions</a>, a debt collection agency with headquarters in Manila.
Established in 1999, Collectius has operations in the Philippines, Singapore, Malaysia and Thailand. It is funded through its Swiss holding company in <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Zug" target="_blank" rel="noopener">Zug</a>, and its largest financier is <a style="color: #000080;" href="https://www.dealstreetasia.com/?s=Stena" target="_blank" rel="noopener">Stena</a>, a Swedish shipping conglomerate.
Collectius&#8217; goal is to help debtors become debt free. The company promotes debt collections that have the highest level of compliance, automation, predictive analytics, big data analytics and customer-centric offer optimization.
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The deal consists of 340,000 credit cards and personal loans, which Collectius considered as a breakthrough deal in the Southeast Asia (SEA) debt buying markets.

Philippines: Credit management firm Collectius acquires bank's $350m NPL portfolio

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Philippines: Credit management firm Collectius acquires bank's $350m NPL portfolio

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