PRA Group Expands Operations with New Office in Uptown Charlotte

In an important move to expand its reach and strengthen its operations, PRA Group, Inc. (Nasdaq: PRAA), a prominent player in the acquisition and collection of nonperforming loans, has announced the opening of a new office in Uptown Charlotte. Scheduled to commence operations in early February 2026, this strategic decision marks a significant milestone for the company as it taps into one of the fastest-growing financial markets in the United States.

Strategic Location

The new office will be situated within the One South building, a notable 40-story office tower located at the intersection of Trade and Tryon streets. This location has been thoughtfully chosen not only for its prominence in Charlotte’s skyline but also for its accessibility to a rich pool of financial services talent. Charlotte has emerged as a financial hub due to its established infrastructure, highly rated quality of life, and potential for long-term economic growth. Moreover, its proximity to a major international airport enhances convenience for both local and global operations.

“Our talent hubs allow us to access large pools of skilled professionals and to create locations where cross-functional teams can work together across our business,” stated Martin Sjolund, President and CEO of PRA Group. “We are excited to join the Charlotte business community as we celebrate and build on 30 years as a trusted leader in the nonperforming loan industry.”

Building on a Legacy

PRA Group’s decision to establish a presence in Charlotte is rooted in its commitment to enhancing its operational capabilities and expanding its workforce. With existing locations in global cities such as London, Oslo, and Warsaw, the Charlotte office will serve as an additional talent hub aimed at cultivating skilled professionals necessary for navigating the complexities of the financial landscape.

Operating on a global scale, PRA Group focuses on returning significant capital to creditors and banks, assisting them in expanding financial services that cater to consumers across the Americas, Europe, and Australia. By tapping into Charlotte’s growing pool of financial expertise, PRA Group is poised to fortify its market position and enhance its service offerings.

Community Engagement and Collaboration

As PRA Group integrates into the Charlotte business ecosystem, community engagement will be a priority. The company aims to establish relationships with other local enterprises and stakeholders, participating in initiatives that promote economic growth and financial literacy among residents. By fostering collaboration within the local business community, PRA Group can bolster its operations and contribute positively to the region's economic development.

With thousands of employees worldwide, PRA Group is dedicated to providing tailored solutions to customers and clients, helping them navigate their debt resolutions effectively. The establishment of the Uptown Charlotte office not only signifies growth for PRA Group but also reflects its vision to adapt and thrive in dynamic markets.

To find out more about PRA Group and their operations, interested parties can visit their official website at www.pragroup.com.

Conclusion

The opening of the Uptown Charlotte office is an exciting development in PRA Group's journey. As the company continues to innovate and expand, it remains steadfast in its mission to assist stakeholders in achieving financial resilience. Through strategic infrastructure and a commitment to excellence, PRA Group is charting a course for a prosperous future, both for itself and those it serves.