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CIB Bank Hungary
2016
CIB Bank (the Hungarian subsidiary of the Intesa SanPaolo Group) sold a loan portfolio with a face value of EUR 180 million consisting of non-performing corporate loans.
Deloitte provided transaction advisory services to CIB Bank
Our expert's thoughts:
"The sale of CIB Bank's NPL portfolio was the first successfully closed NPL transaction of such magnitude in Hungary which involved corporate receivables. Working with our English portfolio advisory team, we managed to conduct a competitive tendering process which attracted the interest of large international investors, fulfilled the buyers' need for information and earned the trust of interested potential buyers. As a result of the transaction, our client's NPL ratio was significantly reduced, and at the same time the transaction was instrumental in developing the trust of international NPL investors in Hungary and laid the foundation for additional NPL transactions in this segment."
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