Aktiv Kapital, an Oslo, Norway-based accounts receivable management firm, announced this week that it purchased a $750 million face value portfolio of non-performing consumer loans originated in the United Kingdom.
The portfolio of unsecured loans includes an estimated 90,000 accounts. Aktiv Kapital officials noted that the portfolio accounted for $20.7 million in gross collections during the past 12 months. The portfolio originated with MBNA.
Aktiv Kapital's business model includes purchases non-performing consumer loans. The company, which was founded in 1991, operates mostly in Austria, Finland, Germany, Norway, Spain, Sweden and the UK.