Press Releases

Strong Start to the Year with 11% Cash Collections Growth and Net Income of $28 Million Continued Momentum in U.S. Business with Strong Results in Europe On Track with PRA 3.0 Strategy to Drive...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loan portfolios, announced today that it amended and extended its European Credit...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loan portfolios, will report its first quarter 2026 results after market close on Thursday, May 7, 2026,...

Cross‑sector dialogue highlights practical ways to support people in financial difficulty NORFOLK, Va., March 25, 2026 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in...

Company Achieves 13% Cash Collections Growth Year-over-Year and $1.2 Billion of Purchases for Full Year 2025 Net Loss Attributable to PRA Group, Inc. of $305 Million for Full Year 2025, Primarily...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company" or "PRA"), a global leader in acquiring and collecting nonperforming loan portfolios, announced today that management is scheduled to present to...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loan portfolios, will report its fourth quarter and full year 2025 results, as well as share its...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will open an Uptown Charlotte office in early February 2026. Located in One South, a landmark...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that management is scheduled to participate at the following...

Double-Digit Growth in Cash-Based Metrics with Disciplined Purchases Focused on Maximizing Value Creation Non-Cash $413 Million Goodwill Impairment Charge Resulted in Q3 Net Loss of $408 Million...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loanes, will report its third quarter 2025 results after market close on Monday, November 3, 2025,...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that its wholly-owned subsidiary, PRA Group Europe Holding II S.à r.l.

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that its wholly-owned subsidiary, PRA Group Europe Holding II S.à r.l.

Strong Portfolio Purchases at Attractive Returns Driving Record ERC; Double-Digit Cash Collections Growth with 60%+ Cash Efficiency Ratio Net Income Attributable to PRA Group, Inc. of $42 Million...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its second quarter 2025 results after market close on Monday, August 4, 2025, followed...

Promotion Builds on Successful 13-Year Career at PRA Group, Most Recently Overseeing Record Portfolio Investments as Global Investments Officer NORFOLK, Va., June 18, 2025 /PRNewswire/ -- PRA...

19% Growth in Portfolio Purchases Drives Record ERC of $7.8 Billion Strong Portfolio Purchases and Execution of Strategic Initiatives Contributed to Double-Digit Cash Collections Growth Company...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its first quarter 2025 results after market close on Monday, May 5, 2025, followed by a...

Martin Sjolund appointed President and Chief Executive Officer, effective June 17, 2025 Vikram Atal to serve as senior advisor through December 31, 2025 NORFOLK, Va., April 7, 2025 /PRNewswire/ --...

Financial community comes together on practical ways to support people in debt NORFOLK, Va., Feb. 20, 2025 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and...

Transformational Year Culminates in Return to Enhanced Profitability Record Portfolio Purchases of $1.4 Billion and Cash Collections Growth of 13% to $1.9 Billion Company Updates 2025 Financial...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its fourth quarter and full year 2024 results after market close on Wednesday, February...

The chief technology officer at Foot Locker, Butler brings more than 25 years of leadership experience across all areas of technology to the Board NORFOLK, Va., Dec. 17, 2024 /PRNewswire/ -- PRA...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today the pricing of its upsized offering of $150.0 million aggregate...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that it plans, subject to market and other conditions, to offer...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announces today that management is scheduled to participate at the following investor conferences...

Transformation in U.S. Business Clearly Visible Company On Track to Achieve Financial and Operational Targets for 2024; Announces Targets for 2025 NORFOLK, Va., Nov. 4, 2024 /PRNewswire/ -- PRA...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that it amended and extended its North American Credit Agreement on...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its third quarter 2024 results after market close on Monday, November 4, 2024, followed...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has named Adrian Murphy as its global chief data and analytics officer, effective Sept. 16. Murphy...

PRA Group, Inc. (Nasdaq: PRAA), a global financial services company, is proud to announce Elizabeth Kersey, senior vice president of communications and public policy, was named the winner of a...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the second quarter of 2024 ("Q2 2024"). Q2...

Today, PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, celebrates 10 years since acquiring Aktiv Kapital AS, a business that had been prominent in...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its second quarter 2024 results after market close on Monday, August 5, 2024, followed...

Global Financial Services Company Furthers Culture of Inclusivity During Pride Month NORFOLK, Va., June 27, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and...

This month, PRA Group (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, celebrated the launch of its ¡Hola! Employee Resource Group (ERG). ¡Hola! is designed to...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the appointment of Dr. Marcel Köchling as European Investments Officer, effective...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today the pricing on May 15, 2024 of its offering of $400.0 million...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that it plans, subject to market and other conditions, to offer...

The former Virgin Money CEO is one of Britain's most prominent businesswomen NORFOLK, Va., May 14, 2024 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the first quarter of 2024 ("Q1 2024"). Q1...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, has named Steve Macke as its global operations officer, effective April 29, following an external...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its first quarter 2024 results after market close on Monday, May 6, 2024, followed by a...

PRA Group, Inc. (Nasdaq: PRAA) ("PRA Group" or the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today the appointment of Glenn Marino to the Company's...

Total Portfolio Purchases of $1.2 billion, up 36% for 2023; U.S. Portfolio Purchases up 84% for 2023 Addressing U.S. Business Underperformance with Urgency; Well-positioned for Meaningful...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, was recognized as a River Star Business by the Elizabeth River Project for its unwavering...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the appointment of Keith Warren as chief risk and compliance officer (CRCO),...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its fourth quarter and full year 2023 results after market close on Thursday, February...

Two PRA Group leaders were among 19 women Inside Business honored last night during its annual Women in Business Achievement Awards. Executive Vice President, General Counsel and Chief Human...

Today, PRA Group (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, celebrated the launch of its Black Excellence Employee Resource Group (ERG). Black Excellence will...

Two leaders from PRA Group, Inc. (Nasdaq: PRAA), a publicly traded global leader in acquiring and collecting nonperforming loans, were honored in the 20th annual Stevie Awards for Women in...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the third quarter of 2023 ("Q3 2023"). Q3...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its third quarter 2023 results after market close on Monday, November 6, 2023, followed...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, announced today that Pete Graham, Executive Vice President and Chief Financial...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the second quarter of 2023 ("Q2 2023"). Q2...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its second quarter 2023 results after market close on Monday, August 7, 2023, followed...

Global financial services company honored during 21st Annual American Business Awards® NORFOLK, Va., June 15, 2023 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), global leader in nonperforming...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that Geir Olsen was re-appointed as an independent director to the PRA Group Board...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, will present to investors attending the William Blair 43rd Annual Growth Stock...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the first quarter of 2023 ("Q1 2023"). Q1...

PRA Group employees construct oyster cages to revitalize a native, pollutant-filtering population NORFOLK, Va., April 21, 2023 /PRNewswire/ -- Global financial services company PRA Group, Inc....

James brings 30 years of industry experience, with the most recent 10 years at PRA Group. NORFOLK, Va., April 17, 2023 /PRNewswire/ -- PRA Group, Inc. (NASDAQ: PRAA) (the "Company), a global...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its first quarter 2023 results after market close on Monday, May 8, 2023, followed by a...

PRA Group, Inc. (NASDAQ: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that its board of directors has elected longtime board member Vikram (Vik) Atal as...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and servicing nonperforming loans, announced today that its subsidiary, Portfolio Recovery Associates, LLC (PRA), has reached an...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the fourth quarter ("Q4 2022") and full...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its fourth quarter and full year 2022 results after market close on Monday, February...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today the pricing on January 23, 2023 of its offering of $400.0 million aggregate...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that it plans, subject to market and other conditions, to offer $350.0 million...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that on November 23, 2022, it completed the refinancing of its $750 million...

Nasdaq Held Closing Bell Ceremony Dedicated to PRA Group Yesterday at 4:00 p.m. E.T. in New York's Times Square NORFOLK, Va., Nov. 8, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the third quarter of 2022 ("Q3 2022"). Q3...

The Elizabeth River Trail Foundation is celebrating the completion of The Glowline, a path embedded with glow-in-the-dark stones from the Canadian company Ambient Glow Technology. The Glowline is...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its third quarter 2022 results after market close on Thursday, November 3, 2022,...

Today Kevin Stevenson, president and CEO of PRA Group, Inc. (Nasdaq: PRAA), delivered the keynote address at the Virginia Chamber of Commerce's 2022 Virginia Education and Workforce Conference in...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans ("NPLs"), today published a new investor presentation, which provides an overview of...

PRA Group's Kevin Stevenson honored for third consecutive year as Virginia leader NORFOLK, Va., Sept. 1, 2022 /PRNewswire/ -- Kevin Stevenson, president and CEO of PRA Group, Inc. (Nasdaq: PRAA),...

Global company's management team receives premier workplace recognition NORFOLK, Va., Aug. 22, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the second quarter of 2022 ("Q2 2022"). Q2...

PRA Group, Inc. (Nasdaq: PRAA), a global financial services company, has named LaTisha Tarrant as Chief Human Resources Officer (CHRO), effective Aug. 15. Tarrant brings more than 20 years of...

PRA Group, Inc. (Nasdaq: PRAA), a global financial services company, today welcomes Giovanna Genard as vice president of external affairs and marketing leader. Genard will develop and oversee PRA...

PRA Group, Inc. (Nasdaq: PRAA) (the "Company"), a global leader in acquiring and collecting nonperforming loans, today announced the appointment of Najim Mostamand, CFA, as vice president of...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its second quarter 2022 results after market close on Monday, August 8, 2022, followed...

Nonperforming Loan Purchaser Recognized for COVID-19 Response and CSR Achievements NORFOLK, Va., June 13, 2022 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced it will partner with Truist to offer U.S. employees a financial wellness program to...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will present to investors attending the William Blair 42nd Annual Growth Stock Conference on...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, is pleased to announce it has partnered with America's VetDogs, a national nonprofit that trains...

Kevin Stevenson, president and CEO of PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, was recognized for his proven track record of outstanding...

Mental Health Awareness Month was designated in the U.S. to nationally decrease the stigma surrounding mental health and encourage open conversation to prevent suicides, violence, depression and...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced the promotion of Jan Husby to the position of Chief Information Officer (CIO) of...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the first quarter of 2022. The Company reported net income...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that Rakesh Sehgal will join the company as Senior Vice President and Head of...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its first quarter 2022 results after market close on Monday, May 9, 2022, followed by a...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, announced today that on April 1, 2022, it completed the refinancing of its European credit...

Nonperforming Loans Purchaser Announces First of Three Employee Resource Groups to Begin This Year NORFOLK, Va., March 30, 2022 /PRNewswire/ -- This Women's History Month, PRA Group, Inc. (Nasdaq:...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today reported its financial results for the fourth quarter and full year of 2021. Net income...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, will report its fourth quarter and full year 2021 results after market close on Monday, February...

In the spring of 2019, PRA Group Bankruptcy Counsel Tiffanie Fittes and her family were preparing for their eldest daughter Mackenzie's high school graduation when they noticed a bulge near her...

PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, is adding $250,000 to its annual charitable giving budget in honor of its 25th anniversary year....

The HALO Urban Regeneration has announced PRA Group, Inc. (Nasdaq: PRAA), a global leader in the nonperforming loan industry, as the anchor tenant of Kilmarnock's HALO Enterprise and Innovation...