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alpha to sell loan portfolio of 2.5 bln euros | business

alpha to sell loan portfolio of 2.5 bln euros | business Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



alpha to sell loan portfolio of 2.5 bln euros | business

alpha bank is transferring debts in its portfolio from cards, consumer loans and small corporate loans delayed between five and seven years, with a total value of 2.5 billion euros.“venus” is the second biggest portfolio after eurobank’s “eclipse” to be transferred to funds. the deal is to be completed by end-january, which is the deadline for the submission of binding offers by candidate investors.the portfolio to go up for sale is made by up by 65 percent of consumer loans, 8 percent of credit card debts and 27 percent of small corporate arrears. they concern 240,000 loans taken out by 156,000 debtors, w...