Hellenic Bank sells €145m in NPLs to Norway’s B2Holdings

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Hellenic Bank sells €145m in NPLs to Norway’s...
 © CyprusMail 2018
Hellenic Bank, Cyprus’ third largest lender, said that it agreed to sell Norway’s B2Holdings ASA €145m of loans as part of its strategy to reduce its delinquent loan portfolio.

The deal, subject to regulatory approval, affects 1,977 facilities extended to 1,158 borrowers and “is not expected to have a material impact on the income statement and capital position of the bank due to existing provisions taken against these assets,” the bank said in a statement on the website of the Cyprus Stock Exchange on Tuesday.

The completion of the agreement which is “at arm’s length” and affects...


Hellenic Bank sells €145m in NPLs to Norway’s B2Holdings


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