Completion of the acquisition of Tranche B of the performing loan portfolio of RCB Bank
20 June 2022 | 09:41
Further to the announcements of Hellenic Bank Public Company Limited (the “Bank”) dated 22nd and 24th March 2022, the Bank announces that it has successfully completed the acquisition of Tranche B of the performing loan portfolio from RCB Bank Limited (“RCB Bank”).
Tranche B relates to Cypriot and other EU exposures of gross book value of c. €641 mn, related cash collaterals and other credit balances of c. €21 mn and letters of guarantee of c. €11 mn. The main sectoral exposures of Tranche B are: 48% real estate and construction and 40% hotels.
Taking into account the acquisition of Tranche A, as announced on 24th March 2022, and the acquisition of Tranche B, the performing loan portfolio acquired from RCB Bank totals c. €3561 mn of gross book value.
HELLENIC BANK PUBLIC COMPANY LIMITED
1 With final figures subject to the fair value assessment.