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ING Bank Śląski sells debt portfolio

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ING Bank Śląski sells debt portfolio

Polishdebt collection company Best SA said March 30 that its investment fund Best INS FIZ signed an agreement to acquire a debt portfolio with a nominal value of 92.4million Polish zlotys from INGGroep NV unit INGBank Slaski SA.

Thefund agreed to pay 23.96 million zlotys for the portfolio, with the paymentcarried out the same day. The transaction was financed from Best I NS FIZ's ownfunds.

As of March 29, US$1 was equivalentto 3.80 Polish zlotys.