Collectius Announces Historic Partnership with IFC to Launch US $ 60 Million Platform to Reduce NPLs in Asia


SINGAPORE, seven. 15, 2020 / PRNewswire / – Collectius, the industry leader SingaporeA pan-Asian debt management pioneer has partnered with the World Bank Group member IFC to launch a $ 60 million regional investment platform solely dedicated to the acquisition and resolution of unsecured debts in Indonesia, The Philippines, Malaysia, Thailand etc Vietnam. IFC also became a minority shareholder of Collectius, with a post-currency valuation of $ 80 million, bringing the total capital of the company raised to $ 123 million over six years.

This new initiative is IFC’s first in Asia and aims to maintain the financial stability of the economy by helping regional banks strengthen their balance sheets by outsourcing the management of their bad debts, assisting debtors with their credit needs and cleaning up the debtor’s financial situation. The collaborative platform IFC and Collectius NPL is expected to serve as a model for other investors, as a demonstration increasing competitiveness and market integration.

Gustav A. Eriksson, Founder and CEO, Collectius said, “This is an important milestone in our journey as a company, and we are extremely proud to partner with IFC. The partnership strengthens our influence in the market and the capital increase means that we can further support banks and financial companies who wish to sell their portfolios of non-performing loans. More importantly, the new platform allows us not only to help those struggling with debt, but also to move the industry towards higher ethical and regulatory standards. ”

With a shared vision of building and maintaining economic stability in the region, IFC’s engagement as a minority shareholder of Collectius will see the two men examine the industry with a view to crafting best practices in monitoring and debt resolution in order to have a beneficial effect on regulations in Asia.

Collectius is majority owned by the two founders Gustav A. Eriksson and Ivar Björklund, the remainder being held by Stena AB and Formica Capital.

The detailed press release can be viewed here.

For media inquiries, please contact:
[email protected]
www.collectius.com
LinkedIn

SOURCE Collectius

Related links

http://www.collectius.com

Previous 16-year-old killer's new prison sentence is not too long (Pa. Court)
Next When bank loans become thieves, gag the media?

No Comment

Leave a reply

Your email address will not be published.