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Link Financial Group Cash Collections Reach EUR50 Million in a Month for the First Time in July 2012

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LONDON, Aug. 16, 2012 /PRNewswire-Asia/ — The Link Financial Group is pleased to announce that cash collections across its European footprint reached EUR50 million in July 2012. This important milestone reflects strongly on the continued development of the group’s pan-European loan servicing and debt purchasing capabilities.

(Logo:
http://photos.prnewswire.com/prnh/20120802/553857 )

New contract wins in the asset finance and leasing area have also helped the group’s volumes along with the growing imperative within banks, credit card issuers and consumer finance lenders to deleverage their balance sheets and strengthen their capital base through the sale of their non-performing loan (NPL) portfolios.

Standard & Poor’s (S&P) recently reviewed the company’s servicer ranking raising it to ‘STRONG – Outlook Stable’ making Link Financial their highest rated consumer loan special servicer in the UK.

Notes to the editors:

LINK Financial Group

Link Financial is a leading purchaser and servicer of both performing and non-performing loans, managing more than 1.2 million customers and EUR6 billion of receivables across its European platform. The company is headquartered in the UK, with further operational centres in Spain, Italy, Germany and Ireland.

Link’s institutional shareholders include Lloyds Banking Group and Cheyne Capital Management.

For further information, please contact:

Gerald Elliott, Communications Director, LINK Financial Group
T: +44(0)20-7150-0228, E: gelliott@linkfinancial.co.uk

Link Financial Group, 89 Albert Embankment, London SE1 7TP, UK
http://www.linkfinancial.co.uk

SOURCE﹛Link Financial Group

Written by asiafreshnews

August 17, 2012 at 11:00 am

Posted in Uncategorized

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