Intrum plans purchase of a Greek loan servicing platform

"A step toward the right direction to reduce the moral hazard in the country," is how Intrum Justitia Group Chief Executive Mikael Ericson describes the agreement between the Greek government and the country's banks concerning the amendment of the so-called Katseli law for the protection of debtors.

In an interview with Kathimerini, the head of one of the largest European nonperforming loan servicing companies says that the group's plan in Greece is to be independent and to benefit both the lenders and borrowers, as the former will be getting paid for products and services they have sold, and the latter will recieve assistance to improve the state of their finances.  

Intrum has acquired two large nonperforming loan portfolios in Greece. Are you also considering the option of becoming active as a portfolio servicer?

Indeed, we tend to have both...