BANCI | ENGLISH

B2Holding and EOS to acquire residential mortgage non-performing loans from BCR in Romania

Trimite stirea unui prieten
Nume *
E-mail *
E-mail prieten *
Mesaj
Cod validare * Turing Number
Tastati codul din imagine (doar cifre)
195.154.184.126

Autor: Bancherul.ro
2016-09-08 08:32

B2Holding ASA, via its fully owned subsidiary Ultimo
Netherlands BV, has entered into an agreement to acquire a residential mortgage Non-Performing Loan ("NPL") portfolio in Romania in a 50/50 partnership with EOS Investment RO GmbH ("EOS"), according to a company statement. 

The portfolio consists of some 6,800 loans secured by real
estate collaterals. The portfolio has a Nominal Value of some EUR 370 mn.

The acquisition of the portfolio is an important milestone
following on from B2Holding's successful acquisition of DCA  in May 2016. The acquisition is positioning B2Holding for further growth and development in Romania, which is the  largest market for NPL transactions in South-East Europe ("SEE").

The portfolio is being sold by Banca Comerciala Româna
("BCR"), a member of the Austrian Erste Group. BCR is the most important financial group in Romania, providing
universal banking operations (retail, corporate & investment banking, treasury and capital markets), and covering specialty companies working on the leasing market, private pensions and housing banks.

BCR is Romania's No. 1 bank in terms of asset value (over EUR 14 bn.).

B2Holding's partnership with EOS on this portfolio investment offers many benefits, including risk mitigation and the opportunity to form a relationship with a key regional player in the market.

B2Holding and EOS will share responsibility for managing the portfolio on an equal basis.

"We appreciate the time and commitment that both BCR and EOS have dedicated to this complex transaction. After spending time with the management of EOS, we are comfortable that this partnership will deliver maximum value to our shareholders from the portfolio, while expediting our growth in Romania and SEE" says Olav Dalen Zahl, CEO of B2Holding.

The transaction is expected to close during December 2016.

Taguri: TBI Credit IFN  Erste Bank  credite neperformante  myBRD  Erste Group  

Comentarii



Adauga un comentariu
Nume *:

E-mail *:
(nu se afiseaza pe site)
Subiect:
*
Comentariu:

Turing Number

Tastati codul din imagine (doar cifre)  



Adauga un comentariu folosind contul de Facebook

Alte stiri din categoria: ENGLISH



EBA confirms banks solid capital and liquidity positions but warns about asset quality prospects and structurally low profitability

EBA confirms banks solid capital and liquidity positions but warns about asset quality prospects and structurally low profitability (EBA statement): - Ratios of non-performing loans (NPL) stable, but increasing proportion of Stage 2 and forborne loans. - Total assets increase by detalii

Banca Transilvania (BT) financial results as at September 30, 2020

Banca Transilvania statement: BT’s Financial Results as at September 30, 2020 Banca Transilvania, ready to Support the Recovery of the Economy Banca Transilvania has had a significant contribution to the recovery of the economy in detalii

NBR Board decisions on monetary policy

NBR Board decisions on monetary policy 12.11.2020 In its meeting of 12 November 2020, the Board of the National Bank of Romania decided the following: - to keep the monetary policy rate at 1.50 percent per annum; - to leave unchanged the deposit detalii

Erste Group Bank AG proposes conditional 2019 dividend of EUR 0.75 per share

Erste Group Bank AG proposes conditional 2019 dividend of EUR 0.75 per share to annual general meeting (press release) The supervisory board of Erste Group Bank AG, following a recommendation by the management board, has today resolved to propose a conditional cash detalii

 



 

Ultimele Comentarii