B2 Holding

B2Holding continues to improve operations and cost efficiency will be a main focus area in 2020. Cost to collect was down 0.5 percentage points quarter on quarter to 24.0 per cent in Q4 2019, and apart from some seasonality it is trending downwards with potential for further reduction going forward. At the end of the fourth quarter, B2Holding has NOK 2.1 billion available for investments, adjusted for deferred payment for portfolio purchases of NOK 121 million, in addition to a strong operating cash flow from collections of purchased loan portfolios. Going forward, B2Holding sees a good market for portfolio acquisitions, with good pipeline visibility. The Group continue to evaluate more co-investments in existing markets, which is expected to further increase revenue from Asset Under Management (AUM).