Hoist Finance
Hoist Finance is a Swedish credit market company that acquires and manages nonperforming consumer and small-business loan portfolios across Europe. It also operates savings accounts for the public through HoistSpar in selected European markets, alongside its core loan portfolio investment and servicing activities.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenuePurchase and management of unsecured and secured NPL portfolios.
Workout, collection, restructuring, and recovery services on acquired portfolios.
Retail deposit products offered to the public through HoistSpar.
Central functions, funding-related items, and other group-level activities.
Customers
Hoist Finance’s main customers are banks and financial institutions that sell nonperforming loan portfolios, and the company earns returns by acquiring and managing those receivables. Its borrower-facing activity involves individuals and small businesses whose overdue loans are being serviced or restructured, while savings customers place deposits with HoistSpar in selected European countries.
They sell nonperforming loan portfolios to Hoist Finance because it provides a buyer for distressed credit assets.
Individuals and small businesses whose overdue loans are serviced, collected, or restructured by Hoist Finance.
Individuals placing deposits in HoistSpar savings accounts in selected European markets.
Banks and investors that provide funding, advisory, or issuance capacity supporting the business model.
Strategy
Hoist Finance’s strategy is built around acquiring and managing nonperforming loans in major European markets, with a focus on controlled credit risk and diversified portfolio exposure. The company also seeks to expand into SME assets, broaden its geographic footprint, and complement the core business with retail savings funding.
Scale in large markets improves portfolio access and recovery opportunities.
SME NPLs are a large European segment and diversify the portfolio mix.
More markets reduce concentration risk and improve sourcing optionality.
The business depends on funding portfolio purchases and managing cash flows.
Geography
Hoist Finance operates across 14 European countries, with major operating exposure in Italy, Germany, Poland, France, Greece, Spain, Sweden, and other European markets. It also offers savings accounts in six European countries, and its regulatory base is in Sweden under Swedish banking supervision and EU rules.
Risks
Hoist Finance’s main risks come from the performance of acquired loan portfolios, competition in portfolio auctions, and regulatory oversight as a Swedish credit market company. Because the business depends on recoveries from distressed debt, credit performance, tax structures, and legal enforcement conditions across countries can materially affect results.
- Competition in the acquisition marketImpact: HighLikelihood: Medium
More bidders can push up portfolio prices and compress returns.
Exposure: Loan portfolio acquisitions and savings accounts
- Regulatory framework riskImpact: HighLikelihood: Medium
The company is supervised in Sweden and operates under EU and local rules that can change collections or deposit operations.
Exposure: Swedish banking regulation and EU directives
- Credit risk in acquired loan portfoliosImpact: HighLikelihood: Low
Returns depend on collecting more cash than was paid for the portfolios; weaker recoveries hurt earnings.
Exposure: Nonperforming consumer and SME loans
- Liquidity and funding riskImpact: HighLikelihood: Low
The model requires stable funding to acquire portfolios and maintain operations.
Exposure - Tax and VAT complexityImpact: MediumLikelihood: Low
Portfolios are held in different structures across countries, creating tax assessment risk.
Exposure: Multi-jurisdiction portfolio ownership
Accounting
Judgemental itemsCarrying values depend on estimated future recoveries and discounting assumptions.
Impact: Can materially change income and asset values
Interest on Stage 3 assets is recognized using credit-adjusted effective rates.
Impact: Affects net interest income timing
Assets are derecognized when recovery is no longer reasonably expected.
Impact: Impacts carrying amount and loss recognition
Annual tests determine whether acquired intangibles remain recoverable.
Impact: Can create non-cash impairment charges
FX and interest-rate hedges affect OCI and profit or loss presentation.
Impact: Influences volatility in reported earnings
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Last updated: 24/09/2026