Norion Bank sells NPL portfolio
Norion Bank AB (“Norion Bank”) has entered into an agreement to sell an NPL portfolio to Intrum and an affiliate of Cerberus Capital Management, L.P. (“Cerberus”). The portfolio comprises overdue receivables amounting to a gross value of approximately SEK 430 million. The transaction is expected to be completed during the fourth quarter of 2025 and will not have any immediate, material financial impact on Norion Bank. As the portfolio consists of overdue receivables subject to the Prudential Backstop regulation, the sale will result in the avoidance of future deductions from Norion Bank’s capital base of approximately SEK 150 million.
– We are very pleased to be able to complete our first sale of an NPL portfolio to Intrum and Cerberus. We have monitored the development of the NPL market for a long time and will now carry out a transaction on sound, commercial terms.