B2Kapital to remove up to €2bn in NPLs from banking system

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B2Kapital to remove up to €2bn in NPLs from...
 © BusinessMail 2018
By Stelios Orphanides

B2Kapital Cyprus Ltd, the first company licenced to buy loans, aims at helping affected borrowers get rid of the stigma of not repaying their loans via consensual solutions, its chief executive said.

Rakis Christoforou, B2Kapital’s managing director said that the strategy of the company, which in January agreed to buy €145m of non-performing loans from Hellenic Bank, provides for acquiring unsecured non-performing retail and corporate loans and avoid housing loans.

“We aim at acquiring €1bn or €2bn in non-performing loans,” Rakis...


This article was automatically added to our system 16-5-2018

B2Kapital to remove up to €2bn in NPLs from banking system


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