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BRIEF-Creval Signs Agreement to Sell Secured NPE Portfolio with GBV of EUR 24 mln
December 5, 2017 / 1:31 PM / 9 days ago

BRIEF-Creval Signs Agreement to Sell Secured NPE Portfolio with GBV of EUR 24 mln

Dec 5 (Reuters) - CREVAL:

* SIGNS AGREEMENT FOR SALE OF PORTFOLIO OF NON PERFORMING SECURED EXPOSURES TO HOIST FINANCE

* PORTFOLIO PRICE AT NEARLY 58% OF GROSS BOOK VALUE

* PORTFOLIO OF SECURED NON PERFORMING LOANS HAS GROSS BOOK VALUE OF ABOUT EUR 24 MILLION

* PORTFOLIO CONSISTS OF ABOUT 140 RETAIL RECEIVABLES, WITH UNDERLYING ASSETS WITH RESIDENTIAL DESTINATION MAINLY

* EFFECTS OF OPERATION ARE DUE TO BE RECORDED IN THE INCOME STATEMENT OF THE CURRENT FINANCIAL YEAR Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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