Question 1

What is Hoist Finance?

Accepted Answer

Hoist Finance is a Swedish-based international debt restructuring and asset management company operating as a branch in France. The company specializes in purchasing and managing non-performing loan (NPL) portfolios from banks and financial institutions across Europe. Hoist Finance operates in 13 European countries with approximately 1,100 employees, providing debt collection, credit management, and financial restructuring services.

The French branch is headquartered in Marcq-en-Barœul, in the Hauts-de-France region, and is supervised by the Autorité de contrôle prudentiel et de résolution (ACPR), France's banking and insurance supervisor.

The French branch is headquartered in Marcq-en-Barœul, in the Hauts-de-France region, and is supervised by the Autorité de contrôle prudentiel et de résolution (ACPR), France's banking and insurance supervisor.

Question 2

When was Hoist Finance founded?

Accepted Answer

Hoist Finance was founded in 1994 in Sweden. The company has spent more than 25 years building expertise in debt portfolio acquisition and management, evolving into one of Europe's leading debt restructuring companies.

The French branch was authorized to operate in France on January 1, 2021, reflecting the company's expansion strategy across Continental Europe following the United Kingdom's withdrawal from the European Union.

Question 3

Where is Hoist Finance headquartered?

Accepted Answer

The French branch of Hoist Finance is headquartered in Marcq-en-Barœul, France (postal code 23033), located in the metropolitan area of Lille in northern France. The global headquarters of Hoist Finance AB, the parent company, is located in Stockholm, Sweden.

Question 4

Where does Hoist Finance operate?

Accepted Answer

Within France, Hoist Finance operates through its branch in Marcq-en-Barœul, serving customers throughout the country. The company's operations focus on managing debt portfolios acquired from French financial institutions and working with debtors across France to establish sustainable repayment arrangements.

Globally, Hoist Finance operates in 13 European markets, including Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, France, Belgium, the Netherlands, Poland, Austria, Italy, and Spain, allowing it to provide pan-European debt management services to international banking clients.

Question 5

What services does Hoist Finance offer?

Accepted Answer

Hoist Finance offers specialized financial services focused on non-performing loan management:

NPL Portfolio Acquisition: The company purchases non-performing loan portfolios from banks and financial institutions, helping these institutions clean up their balance sheets, reduce capital requirements, and free up resources for core banking activities.

Debt Restructuring Services: Hoist Finance works with individual consumers and small-to-medium enterprises (SMEs) in debt situations to create long-term sustainable repayment plans, preferably through amicable arrangements rather than aggressive collection tactics.

Credit Management: The company provides comprehensive credit management services, including customer contact, payment processing, negotiation, and ongoing account servicing.

Asset Management: As a regulated credit market company, Hoist Finance manages acquired debt portfolios as investment assets, optimizing returns through careful portfolio management and customer-focused collection strategies.

Financial Recovery Support: The company aims to help people and businesses get back on track financially by converting non-performing debt into performing debt through realistic and sustainable payment arrangements.

Question 6

What makes Hoist Finance unique?

Accepted Answer

Hoist Finance distinguishes itself through several key characteristics:

Regulatory Status: Unlike many debt collection agencies, Hoist Finance operates as a regulated credit institution under Swedish law, supervised by the Swedish Financial Supervisory Authority (Finansinspektionen). This status enables the company to meet stringent quality requirements demanded by selling banks.

Customer-Centric Approach: The company emphasizes amicable debt resolution rather than aggressive collection tactics, focusing on sustainable repayment solutions that help individuals and businesses regain financial stability.

Pan-European Platform: With operations in 13 European countries and deep knowledge of diverse regulatory environments, Hoist Finance can offer international banks comprehensive debt management solutions across multiple jurisdictions.

Publicly Traded: Hoist Finance's shares have been listed on Nasdaq Stockholm since 2015 (ticker: HOFI), providing transparency and accountability to stakeholders.

Social Purpose: The company's stated purpose is to contribute to a healthy and inclusive financial ecosystem by supporting financial inclusion and helping people resolve debt situations while enabling banks to maintain a stable credit market.

Extensive Experience: With over 25 years specializing in NPL acquisition and management, Hoist Finance has developed sophisticated risk assessment, pricing, and collection methodologies.

Question 7

What type of financial institution is Hoist Finance?

Accepted Answer

The Hoist Finance French branch is classified as an EEA branch (CRD_EEA_BRA) under the EU's Capital Requirements Directive framework. This means it operates as a branch of the Swedish parent institution, Hoist Finance AB (LEI: 549300NPK3FB2BEL4D08), which holds the primary banking license.

The parent company, Hoist Finance AB, is a credit market company (kreditmarknadsbolag) under Swedish law, which is a specialized type of credit institution authorized to engage in lending activities but not to take deposits from the public. It is regulated by the Swedish Financial Supervisory Authority (Finansinspektionen).

As a branch operating in France, Hoist Finance is supervised by the ACPR (Autorité de contrôle prudentiel et de résolution) for local compliance while remaining subject to home country supervision by Swedish authorities for prudential matters. The branch does not participate in deposit guarantee schemes as it does not accept customer deposits.

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