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Postbank (Eurobank Bulgaria AD)
Eurobank's Bulgarian subsidiary bank sold its portfolio of non-performing consumer loans with a face value of EUR 145 million.
Deloitte provided transaction services to Postbank.
Our expert's thoughts:
"A decision on the balance sheet cleanup of Eurobank's Bulgarian subsidiary bank known as Postbank led to the sale of the large unsecured retail loan portfolio in Bulgaria. We managed to encourage competition and speed up the process by attracting international and regional investors, as a result of which the transaction was successfully closed within half a year. This successful transaction developed investor trust in Eurobank, which contributed to the success of the subsequent Romanian portfolio transaction as well."