Patria Bank sold a debt portfolio of some 9,800 non-guaranteed consumer loans granted to natural persons, with a nominal value of approximately RON245 million, to InvestCapital LTD, a member of KRUK Group.
“Patria Bank has completed the sale of a first batch of bad loans and is in the process of selling a second batch,” said Daniela Iliescu, member of the bank’s board of directors.
Deloitte Romania and Reff si Asociatii, member of the Deloitte Legal global network, assisted the lender in the NPLL sale.
Patria Bank operates on the Romanian market since May 2017, as it resulted from the merger of Banca Carpatica and Patria Bank (formerly Nextebank). The bnak’s net assets stood at RON3.44 billion end-June, down 5,5% compared with end-2017. The lender ranks ninth on the local market by asset value.
Patria Bank’s majority shareholder is investment fund EEAF Financial Services, via Axxess Capital, which owns nearly 80% of the shares, and local businessman Ilie Carabulea owns 10.8%.