In The Press

The portfolio of loans with a face value of nearly $300 million was sold to one buyer – an SPV created a month ago by Czech company APS. “Today is another important and historic event in the history of the market for NPLs of Ukraine. The event, a newly created Deposit...

Erste Group Bank has successfully sold a Ukrainian portfolio, consisting of €240m of corporate loans and €95m of commercial real estate (CRE), at a significant discount to nominal value. The transaction comes at a time when investor interest in Ukraine is gaining...

Erste Bank Ag sold Ukrainian loans with a face value of about 300 million euros ($319 million), a legacy of its aborted presence in the country, according to two people familiar with the matter. The portfolio included corporate and real-estate debt, said the people,...

The deadline for firm bids for the €300m portfolio of bank debt for Tus Group has been extended to 15 March after Slovenia's third largest retail chain received solid interest from a handful of interested parties, sources close to the situation said. “A handful of...

Bluestone Group takes over private property loan specialist subsidiary Basinghall Dusseldorf, 12 December 2014. The Erste Abwicklungsanstalt (EAA - First Winding-up Agency) has divested itself of its subsidiary Basinghall Finance Ltd with a nominal loan portfolio of...

Depositors caught in bailout cash out at a discount. Bank of Cyprus customers whose deposits were seized as part of an extraordinary move to rescue the island from financial collapse are cutting their losses and selling stakes in the bank at discount. Shares in the...

Is your cash stuck in a Cypriot bank? Someone might be willing to take it off your hands. Distressed-debt investors and brokers are circling Cyprus, the Mediterranean island that last month plunged its two main banks into an emergency restructuring and blocked...