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Hoist Finance, Greek central bank in talks over NPL portfolio management

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Hoist Finance, Greek central bank in talks over NPL portfolio management

Sweden-basedHoist Finance AB(publ) said March 29 that together with a consortium of Qualco SAand PricewaterhouseCoopers Business Solutions SA, it is in talks with the Bankof Greece regarding the management of a nonperforming loan portfolio of 16Greek banks under liquidation.

Thetransaction would consist of end-to-end portfolio management and a full-scaleoperational rationalization of the resolved banks aiming at optimizing proceeds.

Thetransaction would not result in any material financial effects for HoistFinance in the near future but could create opportunities for the Swedishcompany in Greece.