Hoist Finance completes largest portfolio investment ever in acquisition of non-performing mortgage portfolio in France
Hoist Finance has acquired a French non-performing mortgage portfolio with more than 3.500 claims and an outstanding balance of approximately EUR 375 million. This is the largest portfolio investment ever for Hoist Finance. The seller is one of the major banks in France and in Europe and a key partner to Hoist Finance. - This is the first time a non-performing mortgage portfolio of this size is sold in France. This clearly positions Hoist Finance as a leader within this segment in a very promising market, says Fabien Klecha, Country Manager France and Chief Sales Officer. -