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