Brief: Komplett Bank Enters Into New Forward Flow Agreement With Axactor

Axactor ASA

14/04/2021 08:08

April 14 (Reuters) - Komplett Bank ASA  KOMA.OL :
    * CONTINUES COOPERATION WITH AXACTOR, AND HAS ENTERED INTO A
NEW
FORWARD FLOW AGREEMENT FOR SALE OF NON-PERFORMING CONSUMER LOANS
IN NORWAY.
    * AGREEMENT HAS A DURATION OF 12 MONTHS
    * AXACTOR WILL SERVICE LOANS FOR INITIAL 180 DAYS AFTER THEY
ARE
SENT TO COLLECTION AND THEREAFTER ACQUIRE 100% OF REMAINING
BALANCE
    * FORWARD FLOW AGREEMENT WILL NOT HAVE MATERIAL IMPACT ON
KOMPLETT
BANK'S LOAN LOSS PROVISIONS

Source text for Eikon:  ID:nObi7yvTsa 
Further company coverage:  KOMA.OL 

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