NPL sale by Hellenic Bank paves the way for additional loan sales in Cyprus, Moody’s says

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NPL sale by Hellenic Bank paves the way for...
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Moody’s rating agency described a recent sale of a non-performing loan (NPL) portfolio by Hellenic Bank as positive, noting the deal paves the way for additional problem loan sales both by the bank as well as other Cypriot banks, burdened by a high stock of NPLs.

Last Tuesday, Hellenic announced it had agreed to sell a package of non-retail NPL portfolio amounting to €145 million portfolio to B2Kapital Cyprus Ltd (B2K), a wholly owned subsidiary of Norwegian B2Holding ASA, a leading pan -European debt specialist.

“The sale is credit positive for Hellenic Bank because...


This article was automatically added to our system 8-1-2018

NPL sale by Hellenic Bank paves the way for additional loan sales in Cyprus, Moody’s says


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