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Credit Corp Group Limited (ASX:CCP)

ALERT: Price-sensitive ASX Announcement for CCP
Current share price for CCP : $13.960 0.61 (4.57%)+
Announcement
Release
21 Aug 2026 8:15AM
Price at Release
$13.350
Full Release
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Summary
Credit Corp Group Limited has announced a binding agreement to acquire HSBC Bank Australia's credit card run-off book for approximately A$150 million, subject to regulatory approval. The transaction is scheduled for completion early in 2027 and aims to achieve Credit Corp's hurdle return despite shorter receivables duration. Consequently, Credit Corp has increased its FY27 market guidance ranges, reflecting growth in PDL acquisitions and EPS. The agreement, announced on 21 August 2026, is a strategic move to bolster Credit Corp's financial performance.
Key Points
  • Credit Corp Group Limited (CCP) has entered into a binding agreement to acquire the Australian credit card run-off book from HSBC Bank Australia Limited.
  • The transaction is subject to regulatory approval and is expected to be completed early in calendar 2027.
  • The acquisition cost is expected to be approximately A$150 million, with the final amount determined closer to completion.
  • The transaction aims to meet Credit Corp's hurdle return despite the shorter duration of receivables.
  • Credit Corp has updated its FY27 market guidance as a result of the acquisition, increasing PDL acquisitions and EPS estimates.
  • The acquisition was announced on 21 August 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.