B2Kapital Greece, the Greek subsidiary of B2Holding, enters into an agreement with Alpha Bank to purchase a non-performing portfolio of retail unsecured loans.
March 23rd, 2018 – B2Holding Group, a leading European debt
specialist that provides solutions for banks and institutional
vendors, has completed the purchase of a non-performing
portfolio of retail unsecured loans in Greece from Alpha Bank.
Following the closing of the agreement, the portfolio of EUR 3.7
billion face value has been transferred from Alpha Bank to
B2Holding. The transaction was completed in Q1 2018 and was
financed by available funds.
B2Holding Group has full operations in 22 European countries, in
Scandinavia and Central and Eastern Europe. The transaction
marks B2Holding’s first portfolio acquisition in Greece and
positions the Company as an early mover.
The agreement is one of the largest ever to be penned in Greece
and confirms B2Holding’s intention to become one of the leading
players in the Greek NPL-market, which is one of the Group’s key
As per the agreement, after the interim period, B2Kapital
Greece, part of B2Holding Group, will be the master servicer.
The Greek entity is licensed and supervised under the regulatory
framework of the Bank of Greece.