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2016-10-14

Hoist Finance: Hoist Finance acquires SME portfolio from Banco Popolare in Italy

The portfolio consists of approximately 9000 claims with a nominal
value of approximately 600 million euros. The 10-year Estimated
Remaining Collections is 53 million euros.

Charly De Munter, Regional Director Mid Europe, Hoist Finance,
describes the acquisition as an additional milestone in Hoist Finance
strategic expansion in unsecured non-performing claims from
small-and-medium sized enterprises ("SMEs").

"We are delighted to further strengthen the partnership with one of
the largest Italian banks. As part of our strategy to be a leading
debt-restructuring partner to large international banks, we continue
to build our competence and capabilities outside of the consumer
segment. Following our SME portfolio acquisitions in Italy last year
we have substantially expanded our knowledge with these types of
assets" says Charly De Munter

For further information please contact:

Michel Jonson, Group Head of Investor Relations

Telefon: +46 (0)8 555 177 17

About Hoist Finance

Hoist Finance is a leading debt restructuring partner to international
banks and financial institutions, offering a broad spectrum of
advanced solutions for acquisition and management of non-performing
unsecured consumer loans. Hoist Finance operates through eleven
in-house collection centers across Europe, complemented by local
external debt servicing partners. The total carrying value of Hoist
Finance's acquired loans was approximately SEK 11.3 billion as per 31
December 2015. The parent company Hoist Finance AB (publ) is listed
on Nasdaq Stockholm Mid-Cap list and its subsidiary Hoist Kredit AB
(publ) is a regulated "Credit Market Company" under the supervision
of the Swedish Financial Supervisory Authority (Sw.
Finansinspektionen). In Sweden, the company offers internet-based
savings deposit services through HoistSpar, with around 85,000
accounts.

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http://news.cision.com/hoist-finance/r/hoist-finance-acquires-sme-portfo...
http://mb.cision.com/Main/8270/2101115/574863.pdf

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