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HOIST FINANCE AB (PUBL)

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Hoist Finance acquires major NPL portfolio in Greece

12/28/2021 | 10:41am EDT

Hoist Finance has entered into an agreement with Alpha Bank to acquire a Greek portfolio of non-performing loans, compromising of unsecured consumer loans and a minor part small enterprise loans and secured loans. The total outstanding balance is approximately EUR 2.1 billion and the total investment is EUR 108 million. This is Hoist Finance's second portfolio acquisition in Greece.

"The deal comprises a sizeable as well as attractive portfolio that is fundamental to our Greek operations and important for Hoist Finance overall. Alpha Bank is a leading systemic bank in Greece. It is a pleasure to announce this deal and continue to build on our previous successful cooperation", says Per Anders Fasth, CEO of Hoist Finance.

The transaction is expected to close during the first quarter 2022.

For more information, please contact:
Ingrid Östhols, Head of Communications & Investor Relations
Telephone: +46 (0) 721 810 867

This information is information that Hoist Finance AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 16.40 CET on 28 December 2021.

About Hoist Finance
Hoist Finance is a trusted debt resolution partner to individuals, companies and banks in eleven European countries. With almost 1600 dedicated colleagues, smart digital solutions and a deep understanding of individual financial circumstances, we help over six million customers keep their commitments. This is achieved by agreeing on sustainable repayment plans so that everyone is included within the financial ecosystem. Hoist Finance has a diverse portfolio of asset classes and our online savings platform in Sweden and Germany enables our unique funding model. Hoist Finance was founded in 1994 and is today a public company listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com. 

https://news.cision.com/hoist-finance/r/hoist-finance-acquires-major-npl-portfolio-in-greece,c3478849

https://mb.cision.com/Main/8270/3478849/1515173.pdf

(c) 2021 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
ALPHA BANK A.E. -4.86% 0.8848 Delayed Quote.-13.65%
HOIST FINANCE AB (PUBL) -1.33% 32.54 Delayed Quote.12.95%
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Net income 2022 455 M 45,9 M 45,9 M
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P/E ratio 2022 6,41x
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