Axactor today announces the acquisition of a portfolio of unsecured
non-performing loans from Banco Sabadell in Spain. The portfolio encompasses a
total outstanding balance of close to EUR 3bn, spread across both individual and
SME borrowers. The average time post default for the claims is quite long, which
is reflected in the purchase price.
"We are seeing an active market for NPL portfolio transactions, and are cherry
picking the deals where we see the highest value", says CEO Johnny Tsolis. He
continues "with this transaction we are off to a good start to 2026 and are on
track to reach our investment target for the year". Andrés López, Country
Manager Axactor Spain, adds "we have good experience with the claim type and a
long and very strong relationship with Banco Sabadell. This portfolio will add
significant volumes to our servicing platform for unsecured non-performing
loans, and is an attractive and important transaction for Axactor Spain".
For additional information, please contact:
Johnny Tsolis, CEO
Tel: +47 913 35 461
E-mail: johnny.tsolis@axactor.com
Kyrre Svae, Deputy CEO & CSO
Tel: +47 478 39 405
E-mail: kyrre.svae@axactor.com
To learn more about Axactor, visit www.axactor.com