Hoist Finance acquires major NPL portfolio in Greece
Hoist Finance has entered into an agreement with Alpha Bank to acquire a Greek portfolio of non-performing loans, compromising of unsecured consumer loans and a minor part small enterprise loans and secured loans. The total outstanding balance is approximately EUR 2.1 billion and the total investment is EUR 108 million. This is Hoist Finance’s second portfolio acquisition in Greece. “The deal comprises a sizeable as well as attractive portfolio that is fundamental to our Greek operations and important for Hoist Finance overall. Alpha Bank is a leading systemic bank in Greece. It is a