Hellenic completes sale of €144m NPLs to B2Kapital

Click For Larger Image & Read More
Hellenic completes sale of €144m NPLs to B2Kapital
 © BusinessMail 2018
By Stelios Orphanides

Hellenic Bank said that it completed the sale of a €144m non-performing loans portfolio to B2Kapital Cyprus Ltd, a unit of Norway’s B2Holding, at an unspecified consideration.

The sale affects 1,809 “predominantly non-retail secured and unsecured” loans and 1,082 borrowers as per May 31, Hellenic said in a statement on the website of the Cyprus Stock Exchange on Wednesday.

“The transaction is not expected to have a material impact on the results and the capital position of the bank as a result of the provisions made concerning...


This article was automatically added to our system 2 weeks ago

Hellenic completes sale of €144m NPLs to B2Kapital


The contents of this article including any associated images are © BusinessMail 2018
Views & opinions expressed in this article are those of the author and/or BusinessMail .

  • Click Here
Advertise Here

Trending Cyprus News

Article Tags: hellenic, completes, b2kapital,

 

  • Click Here
Advertise Here

24hr News