PRA Group Announces New Office and Call Center in Australia

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.

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• None.

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

FAQ

What is the significance of PRA Group's new office in Brisbane, Australia?

The new office in Brisbane represents PRA Group's commitment to expanding its operations in a changing regulatory environment, aiming to enhance its service delivery.

How many employees will the new PRA Group office in Australia hire?

The new office and call center in Brisbane is expected to employ approximately 45 employees.

What are PRA Group's future plans for the Brisbane office?

PRA Group anticipates reaching full operational capacity at the Brisbane site in the coming years.

What does PRA Group focus on in the Australian market?

PRA Group focuses on treating customers with professionalism, respect, and flexibility in the evolving Australian market.