Hoist Finance is a leading debt restructuring partner to international banks and financial institutions, with loan acquisition and management operations in thirteen countries across Europe. Our core business has since the start been the acquisition of non-performing loans (NPLs) originated by large international banks and other financial institutions with whom Hoist Finance has strong and long-term relationships. After purchasing an NPL portfolio, our primary method of collecting from our customers is through sustainable payment plan agreements. The major share of acquired portfolios are serviced by our own debt collection entities, supplemented in some cases by carefully selected external debt collection partners.
We also operate a traditional internet-based retail deposit series in Sweden, Germany and the UK. This gives us a cost-effective, flexible and reliable source of funding, which is primarily used for the acquisition of NPLs.
Hoist Finance buys NPLs from reputable banks and financial institutions with a sound credit policy. A bank’s customers must be handled smoothly and with great care following the transfer of a portfolio to Hoist Finance. With strict procedures and processes regulated by the Swedish Financial Supervisory Authority (FSA), we can ensure fair and ethical treatment of customers in compliance with the selling bank’s compliance criteria.
Some of the key components of Hoist Finance’s offering are:
- More than 25 years of experience in debt restructuring solutions.
- Good understanding of the regulated banking environment.
- Flexible and customised service offering on the ground in major European markets.
- In-house customer relations, which safeguards superior understanding of the customers’ situation as well as good operational control, including risk management and compliance.