Hoist Finance acquires landmark portfolio in Italy


Hoist Finance has today acquired a landmark portfolio in Italy comprising non
-performing unsecured consumer loans from the Italian consumer credit subsidiary
of a major international bank. The transaction is part of the strategic
expansion of Hoist Finance’s presence in the Italian market following the
acquisition of the portfolio and platform for the long-term servicing partner,
TRC SpA, earlier this year. The transaction value is not disclosed.

“The transaction is an important milestone and represents further evidence to
our strategy of becoming the leading debt restructuring partner to large
international banks and financial institutions. It will add significant scale
and will further strengthen our presence in Italy,” says Clemente Reale, Head of
Hoist Finance Italy.

About Hoist Finance

Hoist Finance is a trusted debt restructuring partner to global banks and
financial institutions, offering a broad spectrum of advanced solutions for
acquisition and management of non-performing unsecured consumer loans. The total
carrying value of Hoist Finance’s acquired loans was approximately EUR 800
million as at 30 September 2014.

Hoist Finance is a Pan-European debt purchase company with presence in eight
European markets. Hoist Kredit AB (publ) is licensed and regulated by the
Swedish Financial Supervisory Authority, and is funded by the internet-based
savings deposit service HoistSpar in Sweden, with more than 60,000 accounts, and
by senior and subordinated unsecured bonds of in total SEK 1.1 billion as well
as EUR 100 million in senior unsecured bonds, listed on Nasdaq Stockholm.

www.hoistfinance.com

The information above has been published pursuant to the Swedish Securities
Markets Act (Sw. lag om värdepappersmarknaden) and Swedish Financial Instruments
Trading Act (Sw. lagen om handel med finansiella instrument).

This information was released for publication at 18.00 CET on 15 December 2014.

For further information, please contact:

Anne Rhenman Eklund, Group Head of Communications and IR Hoist Finance

Contact details:

Phone +46 (0)8 55 51 77 90

Email: anne.rhenman-eklund@hoistfinance.com

Attachments

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