Cohen and Co adds to Ukrainian NPL deal flow

Erste Group Bank has successfully sold a Ukrainian portfolio, consisting of €240m of corporate loans and €95m of commercial real estate (CRE), at a significant discount to nominal value. The transaction comes at a time when investor interest in Ukraine is gaining...

Erste group Bank Said to Sell $319 Million of ukrainian loans

Erste Bank Ag sold Ukrainian loans with a face value of about 300 million euros ($319 million), a legacy of its aborted presence in the country, according to two people familiar with the matter. The portfolio included corporate and real-estate debt, said the people,...

Firm bid deadline for Tus €300m bank debt pushed out to 15 March

The deadline for firm bids for the €300m portfolio of bank debt for Tus Group has been extended to 15 March after Slovenia’s third largest retail chain received solid interest from a handful of interested parties, sources close to the situation said. “A handful...

EAA sells significant stake in Basinghall Finance PLC

Bluestone Group takes over private property loan specialist subsidiary Basinghall Dusseldorf, 12 December 2014. The Erste Abwicklungsanstalt (EAA – First Winding-up Agency) has divested itself of its subsidiary Basinghall Finance Ltd with a nominal loan...

Bank of Cyprus customers cut their losses

Depositors caught in bailout cash out at a discount. Bank of Cyprus customers whose deposits were seized as part of an extraordinary move to rescue the island from financial collapse are cutting their losses and selling stakes in the bank at discount. Shares in the...

Investors Mull Freeing Cyprus Depositors – For a Price

Is your cash stuck in a Cypriot bank? Someone might be willing to take it off your hands. Distressed-debt investors and brokers are circling Cyprus, the Mediterranean island that last month plunged its two main banks into an emergency restructuring and blocked...