Alpha Bank agrees to sell Romanian NPL portfolio of 360m eurosStaff Writer | January 8, 2018
Alpha Bank said that it has entered into a definite agreement for the sale of a Romanian wholesale non-performing loan portfolio worth 360 million euros.
Acquisition A 50 million euros retail NPL portfolio
The completion of the transaction is subject to the relevant regulatory approvals.
The aforementioned transaction and the sale of a 50 million euros retail NPL portfolio to the Norwegian group B2Holding, in the third quarter of 2017 “completes the actions carried out by the Bank to sell a significant part of its Romanian Non-Performing Exposures,” Alpha said in a bourse filing.
“The transaction contributes towards and is fully consistent with the execution of the Bank’s Restructuring Plan, while the combined effect of the above transactions is expected to be accounting and capital ratio accretive for the Bank,” Alpha added. ■