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Poland's BGŻ BNP Paribas to sell bad-loan portfolio to local debt collector

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Poland's BGŻ BNP Paribas to sell bad-loan portfolio to local debt collector

Polish debt collector Kruk's Prokura NS FIZ unit won a tender to acquire a nonperforming loan portfolio from BNP Paribas SA Polish unit Bank BGZ BNP Paribas SA.

The portfolio includes unsecured retail and secured corporate debt, and its total nominal value amounts to around 394 million Polish zlotys, the debt collector said March 23.

As of March 23, US$1 was equivalent to 3.42 Polish zlotys.