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Hoist Finance AB ( (SE:HOFI) ) has shared an update.
Hoist Finance has notified the Swedish Financial Supervisory Authority that it meets all criteria to qualify as a Specialised Debt Restructurer under the EU Capital Requirements Regulation, gaining exemption from the EU backstop rules that require capital deductions for insufficient coverage of non-performing exposures. The new status allows Hoist to dissolve SEK 1.2 billion of previously required deductions, freeing capital for growth and shareholder returns, expanding its addressable market in non-performing loans, simplifying its business model and enhancing flexibility and cost efficiency, thereby reinforcing its ambition to be a leading investor and manager of debt portfolios in Europe within the new regulatory framework for specialised NPL buyers.
The most recent analyst rating on (SE:HOFI) stock is a Buy with a SEK142.00 price target. To see the full list of analyst forecasts on Hoist Finance AB stock, see the SE:HOFI Stock Forecast page.
More about Hoist Finance AB
Hoist Finance is a Stockholm-listed asset manager specialised in non-performing loans, investing in and managing debt portfolios for more than 30 years. The company partners with international banks and financial institutions across 14 European countries by acquiring their non-performing loan portfolios, while also working with consumers and small businesses to establish sustainable repayment plans, operating as a regulated credit market company under the supervision of the Swedish Financial Supervisory Authority.
Average Trading Volume: 118,175
Technical Sentiment Signal: Buy
Current Market Cap: SEK10.9B
See more insights into HOFI stock on TipRanks’ Stock Analysis page.