GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Axactor ASA (LTS:0QIG) » Definitions » Other Liabilities for Insurance Companies

Axactor ASA (LTS:0QIG) Other Liabilities for Insurance Companies


View and export this data going back to 2013. Start your Free Trial

What is Axactor ASA Other Liabilities for Insurance Companies?

Other Liabilities for Insurance Companies only applies to insurance companies.


Axactor ASA Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Axactor ASA (LTS:0QIG) » Definitions » Other Liabilities for Insurance Companies
Traded in Other Exchanges
Address
Karenslyst alle 8A, Oslo, NOR, NO-0278
Axactor ASA is a debt management company that specializes in purchasing and collecting debt portfolios. It also provides collection services for third-party-owned portfolios. The company operates in two segments: Non-performing loans (NPL) and Third-party collection (3PC). The NPL segment invests in portfolios of non-performing loans, which are presented as 'Purchased loan portfolios' in the consolidated statement of financial position. The 3PC segment focuses on performing debt collection services on behalf of third-party clients. Axactor ASA operates in Finland, Germany, Italy, Norway, Spain, and Sweden. The majority of its revenue comes from interest earned on purchased loan portfolios.