GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Axactor ASA (FRA:2LJ) » Definitions » Credit Losses Provision

Axactor ASA (FRA:2LJ) Credit Losses Provision


View and export this data going back to 2006. Start your Free Trial

What is Axactor ASA Credit Losses Provision?

Credit Losses Provision only applies to banks.


Axactor ASA Business Description

Traded in Other Exchanges
Address
Drammensveien 167, Oslo, NOR, NO-0277
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.