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Our markets have different traditions for providing financial services, different legislative frameworks and different attitudes with respect to debt and repayment patterns. As a result, Hoist Finance has tailor-made approaches for each market, but all are based on the same humane foundation.
Since we are already present in the main European non-performing loans (NPLs) markets, our strategy is to grow and develop our presence in these markets. A key element of this strategy is our expansion into new asset classes. This allows us to open up new and profitable purchasing opportunities while benefiting from the extensive knowledge and expertise in our local operations. This also gives us the possibility to strengthen our core business relationships with banks and financial institutions that we have successfully established over many years.
France
The French operations combine an in-house collection platform with a network of reliable and carefully selected third party suppliers. The French market is still less mature compared with many other European markets. However, significant signs of change were seen in 2019, and we have a strong belief in continued growth. Hoist Finance has offices in Lille and Paris.
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Germany
Hoist Finance was established in Germany in 1997. Hoist Finance’s assessment is that, over time, the German market will take on the characteristics of the UK market, with a faster sales pace and a greater share of loans that haverecently become non-performing being sold. Forward flow contracts make up more than half of the market. A few Austrian portfolios are serviced from Germany. Hoist Finance also provides deposit accounts in Germany.
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Greece
In Greece, Hoist Finance has entered into a strategic partnership with the Bank of Greece. The partnership covers the management and administration of 16 Greek banks in liquidation. Hoist Finance works with two partners to assist the Bank of Greece in recovering non-performing loans. The first acquisition, being serviced externally, was completed in late 2018. The Hoist Finance office is located in Athens.
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Italy
Hoist Finance holds a strong position in the Italian market after a successful diversification of its asset portfolio into acquisition of loans to small- and medium-sized enterprises (SMEs) and the addition of secured loans. The considerable scope of this market is linked to the high number of small businesses in Italy. Hoist Finance has offices located in Rome, Lecce and Spoleto.
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The Netherlands and Belgium
The market for non-performing loans is developing in the region, but at a slower pace than for example in southern Europe. Larger banks tend to manage their debt resolution in-house. Therefore, divestments of non-performing loans portfolios are not as common as in many other markets. Our offices are located in Amsterdam and Mechelen.
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Poland
The Polish market is continuing to develop into an increasingly mature market. The market is estimated to become almost as large as the German market with respect to the transaction volumes of non-performing loans. Hoist Finance is one of the largest debt purchasers in the Polish market and has been present in Poland since 2011. The offices are located in Wroclaw and Warsaw.
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Spain
Hoist Finance entered the Spanish market through the acquisition of the servicing company Optimus in August 2016 and the operations have since grown significantly. The Hoist Finance office is located in Madrid.
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Sweden
Hoist Finance is a public Swedish company listed on Nasdaq Stockholm. In Sweden Hoist Finance is providing deposit accounts to the general public via HoistSpar, but is not conducting any non-performing loans operations. The headquarters are located in Stockholm.
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UK
Hoist Finance is one of the largest players in debt resolution in the UK. Since acquiring its first portfolio in 2011, Hoist Finance has expanded its operations with the acquisition of Robinson Way in 2012, the Lewis Group in 2013 and the Compello Group in 2015. Hoist Finance UK Ltd was authorised by the Financial Conduct Authority (FCA) in 2016. The UK offices are located in Manchester and London.
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