Hoist Finance acquires a portfolio of non-performing unsecured consumer and small business loans in Greece
Hoist Finance has entered into an agreement to acquire a Greek portfolio of non-performing unsecured consumer and small business loans, with a total outstanding balance of approximately EUR 2bn for a total investment of EUR 76 million. The seller is Alpha Bank, one of Greece’s four systemic banks.
“We have been operating in Greece since 2016 in a strategic partnership with Bank of Greece to manage NPL portfolios of 16 banks under liquidation. The partnership has given us significant insights into the Greek market and has provided the platform to develop strong relationships with key members of the financial community. With our strong European presence and our holistic collection approach, we see significant opportunities to be a relevant and strong partner to Greek financial institutions going forward”, says Klaus-Anders Nysteen, CEO of Hoist Finance.
For further information please contact:
Michel Fischier
Group Head of Investor Relations
Tel: 46 8 555 177 19
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 17.00 CET on 29 November 2018.
About Hoist Finance
Hoist Finance is a trusted debt restructuring partner to international banks and financial institutions. We are specialised in serving banks in handling non-performing loans, and supporting individuals in becoming debt free. Through expertise and rigorous compliance we earn the banks’ trust. Through respect, honesty and fairness we earn the trust of our customers. For further information, please visit hoistfinance.com.
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