Hoist Finance
SDR-update: Continued focus on profitable growth while awaiting regulatory clarity
PRESS RELEASE |
Stockholm 20 December 2024 |
Hoist Finance has previously communicated that it intends to qualify as a Specialised Debt Restructurer (SDR) as per January 2025. The company has also informed that the Swedish Financial Supervisory Authority (SFSA) has sought guidance from the European Banking Authority (EBA) regarding the interpretation of two of the criteria that are required to be met to qualify as an SDR. Hoist Finance still intends to qualify as an SDR, however given the uncertain regulatory situation, the company will delay notifying the regulators. Awaiting regulatory clarity, Hoist Finance will continue following its current strategy.
Hoist Finance has built a strong and robust platform, has a clear strategy and a profitable, growing business. The Group is well-capitalised with a strong liquidity position, and its financial targets and growth ambitions remain as before. As soon as the regulators have clarified the interpretation of the SDR-criteria, Hoist Finance intends to qualify as an SDR. Hoist Finance' understanding is that guidance from the EBA can be expected within 9 months as of November 2024.
For more information, please contact:
Karin Tyche, Chief Investor Relations and Communications Officer
+46 76 780 97 65
This information is information that Hoist Finance AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17:40 CET on 20 December 2024.
About Hoist Finance
Hoist Finance is an asset manager specialised in non-performing loans. For more than 25 years, we have focused on investing in and managing debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring non-performing loan portfolios. We are also a partner to consumers and SMEs in a debt situation, creating long-term sustainable repayment plans enabling them to convert non-performing debt to performing debt. We are present in 13 markets across Europe and our shares are listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.
Datum | 2024-12-20, kl 17:40 |
Källa | Cision |