TMCnet News
Hoist Finance acquires major NPL portfolio in GreeceSTOCKHOLM, Dec. 28, 2021 /PRNewswire/ -- Hoist Finance has entered into an agreement with Alpha Bank to acquire a Greek portfolio of non-performing loans, compromising of unsecured consumer loans and a minor part small enterprise loans and secured loans. The total outstanding balance is approximately EUR 2.1 billion and the total investment is EUR 108 million. This is Hoist Finance's second portfolio acquisition in Greece. "The deal comprises a sizeable as well as attractive portfolio that is fundamental to our Greek operations and important for Hoist Finance overall. Alpha Bank is a leading systemic bank in Greece. It is a pleasure to announce this deal and continue to build on our previous successful cooperation", says Per Anders Fasth, CEO of Hoist Finance. The transaction is expected to close during the first quarter 2022. For more information, please contact: This information is information that Hoist Finance AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 16.40 CET on 28 December 2021. About Hoist Finance This information was brought to you by Cision http://news.cision.com The following files are available for download: |