Hellenic Bank announced an 11% increase in its non-performing loans, following the agreement with RCB Bank Limited for the purchase of a €556 million loan portfolio.
According to a statement from Hellenic, the bank's Chief Executive Officer, Oliver Gatzke, said the transaction increases the bank's customer base in corporate lending, provides opportunities for cross-selling, improves its operating income through increased interest income and creates opportunities to increase its non-interest income.
As announced by the bank, the Transaction includes a portfolio of performing loans with a gross book value of approximately €556 million.
(CNA)
CNA
Contents of this article including associated images are owned by CNA
Views & opinions expressed are those of the author and/or CNA
Source
