NORFOLK, Va., Oct. 23, 2015 -- PRA Group (Nasdaq:PRAA), a global leader in acquiring nonperforming loans, today announced that Kevin Stevenson was named CFO of the Year in the CFO Dimensions Awards of Excellence.

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=37106

Stevenson, PRA Group's president, chief administrative officer and interim chief financial officer, was recognized as CFO of the Year for leading PRA Group to the highest levels of performance in the areas of risk management and/or driving top-line growth while exhibiting exemplary personal and professional traits. He accepted the award at the CFO Dimensions Conference on Tuesday, October 20 at the Conrad New York Hotel in New York City.

Nominations for the 2015 CFO Dimensions Awards were evaluated by an independent panel of corporate finance executives chaired by Jeff E. Epstein, former Oracle CFO. Said Epstein, "The CFO Dimensions Awards of Excellence provide the corporate finance community with the unique opportunity to honor exceptional performance and leadership by their peers. It's the Academy Awards for chief financial officers."

Past winners have included Sean Aggarwal, CFO of Trulia, Inc. and John Stephens, senior executive vice president and CFO of AT&T Inc.

About PRA Group

As a global leader in acquiring nonperforming loans, PRA Group (Nasdaq:PRAA) returns capital to global banks and other creditors to help expand financial services for consumers in the Americas and Europe. PRA Group companies collaborate with customers to help them resolve their debt and provide a broad range of additional revenue and recovery services to business and government clients.

PRA has been recognized as one of Fortune's 100 Fastest-Growing Companies for three years and one of Forbes' Best Small Companies in America for eight consecutive years since 2007. For more information, please visit www.pragroup.com.

CONTACT: Media Contact:

         Nancy Porter

         Vice President, Corporate Communications

         (757) 431-7950

         NAPorter@PRAGroup.com

Kevin Stevenson, President, Chief Administrative Officer and Interim Chief Financial Officer, PRA Group