Europe

RCB hands the loan to Hellenic Bank

RCB Bank Ltd has announced that it has successfully completed the sale of its running loan portfolio to Hellenic Bank Public Company Ltd.

According to a related press release, Tranche B includes Cyprus and other European exposures with a total book value of approximately € 64 million.

The total performance portfolio of RCB Bank Ltd, currently sold to Hellenic Bank Public Company Ltd (Tranche A and B), has a total book value of approximately € 356 million.

The total amount of the performance portfolio sold to Hellenic Bank not only covers all the deposits returned or returned, but also gives the RCB a significant surplus of liquid assets used to continue its business. leave behind.

In an agreement with the ECB Board of Corporate Auditors, the RCB has decided to convert banks into regulated asset managers and shift from banking operations due to geopolitical conditions after Russia’s invasion of Ukraine.

RCB Bank Ltd was founded in August 1995 and was one of the largest banks in Cyprus. He operated branches in Nicosia, Limassol, Larnaca, Paphos and Luxembourg.

var NXFBPixelFunc = function () {
document.removeEventListener(“scroll”, NXFBPixelFunc);
setTimeout(function () {
!function (f, b, e, v, n, t, s) {
if (f.fbq) return;
n = f.fbq = function () {
n.callMethod ?
n.callMethod.apply(n, arguments) : n.queue.push(arguments)
};
if (!f._fbq) f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s)
}(window, document, ‘script’,
‘https://connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘109138906120213’);
fbq(‘track’, ‘PageView’);
}, 0)
};
document.addEventListener(“scroll”, NXFBPixelFunc);

https://www.ekathimerini.com/economy/1187199/rcb-passes-loans-on-to-hellenic-bank/ RCB hands the loan to Hellenic Bank

Back to top button