PRA Group Announces New Office and Call Center in Australia
PRA Group (Nasdaq: PRAA) has announced the opening of a new office and call center in Brisbane, Australia, aimed at enhancing its operations in a changing regulatory market.
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Rhea-AI Summary
PRA Group (Nasdaq: PRAA) has announced the opening of a new office and call center in Brisbane, Australia, aimed at enhancing its operations in a changing regulatory market. The facility is expected to employ approximately 45 employees and reach full capacity in the coming years. The company's expansion reflects its commitment to providing professional and respectful service in the evolving Australian market, aligning with its long-term business philosophy.
Positive
- Opening a new office and call center in Brisbane, Australia.
- Expected to create approximately 45 new jobs.
- Expansion aligns with PRA's long-term business strategy.
Negative
- None.
Details
News Market Reaction – PRAA
The recorded move for PRAA in the trading session of this news was -1.73%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
NORFOLK, Va., May 10, 2021 /PRNewswire/ -- PRA Group (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the opening of a new office and call center in Brisbane, Australia. The new site will have the ability to employ approximately 45 employees and the Company believes it will reach full capacity in the coming years.
"We are excited to expand our footprint by opening a new office and call center in Brisbane. The Australian market is going through a period of change, much of which, we believe, is being driven by the regulatory market. Stronger regulatory environments present an opportunity for PRA given our founding philosophy of doing things the right way, for the right reason and for the long term. We focus on treating our customers with professionalism, respect, and flexibility. We believe this positions us well in Australia's evolving market," said Kevin Stevenson, president and chief executive office of PRA Group, Inc.
About PRA Group, Inc.
As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe and Australia. With thousands of employees worldwide, PRA Group, Inc. companies collaborate with customers to help them resolve their debt. For more information, please visit www.pragroup.com.
Investor Contact:
Darby Schoenfeld, CPA
Vice President, Investor Relations
(757) 431-7913
Darby.Schoenfeld@PRAGroup.com
News Media Contact:
Elizabeth Kersey
Senior Vice President, Communications and Public Policy
(757) 431-3398
Elizabeth.Kersey@PRAGroup.com
View original content:http://www.prnewswire.com/news-releases/pra-group-announces-new-office-and-call-center-in-australia-301287833.html
SOURCE PRA Group
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