trending Market Intelligence /marketintelligence/en/news-insights/trending/epgptxcodwru3dhunw2nga2 content esgSubNav
In This List

B2Holding unit completes acquisition of Hellenic Bank NPL portfolio

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


B2Holding unit completes acquisition of Hellenic Bank NPL portfolio

B2Holding ASA's B2Kapital Cyprus Ltd. closed the acquisition of a nonperforming loan portfolio held by Hellenic Bank Public Co. Ltd.

The majority of the portfolio is non-retail secured and non-secured exposures.

As of May 31, the portfolio's gross contractual outstanding balance amounts to €144 million.

The transaction marks the Norwegian debt purchaser's first foray into Cyprus' NPL market.

Hellenic Bank does not expect the transaction to have a material impact on its income statement or capital position.