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.
