settembre 3, 2018 11:12 am

Bank of Cyprus sells €2.7b bad loan portfolio to Apollo

Bank of Cyprus has announced the sale of a bad loan portfolio to Apollo Global Management LLC for a consideration of €1.4 billion. The loans are predominantly NPEs in the bank’s corporate and small and midsize enterprise portfolio with a face value of €2.7 billion. The NPEs are secured with real estate collateral. According to Moody’s Monday’s Credit Outlook, the sale is credit positive. Cyprus Mail

Questo post è stato scritto da Debitos

(Diritti d'immagine: A view of Famagusta town looking towards the sea. Cyprus)

indietro

Registrazione Newsletter

Iscriviti ora alla Newsletter di Debitos per rimanere aggiornato su tutti gli eventi importanti.

Per favore compila il seguente modulo.

* Obbligatorio