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Lindorff acquires large debt portfolios from Nordea in Sweden

Press Release   •   Aug 13, 2015 12:36 GMT

Erika Rönnquist Hoh, Country Manager for Lindorff Sweden.

Lindorff Sweden has entered an agreement with Nordea Bank AB and Nordea Hypotek AB to take over overdue debt portfolios amounting to almost 136 million euros in principal value.

Lindorff, a leading European credit management service provider, and Nordea Bank in Sweden have signed an agreement where Lindorff will take over the management of non-performing loans amounting to almost 136 million euros in principal value.

- I am happy that Nordea chose Lindorff to manage the portfolios and confident that our good reputation in the market was one key element in closing the contract, says Erika Rönnquist Hoh, Country Manager for Lindorff Sweden.

All customers with a non-performing loan in any of the portfolios will be notified of the change of ownership by Lindorff once the transfer has been completed.

About Lindorff

Founded in 1898, Lindorff is the leading full-service European credit management service provider, offering services within debt collection and debt purchase as well as payment and invoicing services.

The company has 3700 employees in 13 countries with headquarters in Oslo, Norway. In 2015 Lindorff generated EUR 534 million in net revenue (2014: EUR 475 million).

Lindorff is majority owned by Nordic Capital Fund VIII. www.lindorff.com

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