Copyright © Inderes 2011 - present. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team
Regulatory press release

Intrum and Piraeus Bank close transaction and create leading credit management services platform in Greece

Intrum
Read the release

Under the terms of the transaction, Intrum has acquired Piraeus Bank's platform for servicing non-performing loans and consolidated it into a newly established company, which will be named Intrum Hellas. Intrum owns 80 per cent of the shares in Intrum Hellas, with Piraeus Bank owning the remaining 20 per cent. 

As part of the transaction, Intrum Hellas has entered into agreements that include the servicing of Piraeus Bank's Non-Performing Exposures (NPEs) and Real Estate Owned assets (REOs) on 10-year initial terms.

"The completion of this acquisition ensures our leading position in one of the largest markets for non-performing loans in Europe. It will create opportunities for further growth, contribute to strong cash flows and be significantly EPS-accretive, supporting our path towards our 2020 targets," says Mikael Ericson, President and CEO of Intrum.

For further information, please contact:
Viktor Lindeberg, Head of Investor Relations
+46 (0) 8 546 102 02
viktor.lindeberg@intrum.com
 

Find us on social media
  • Inderes Forum
  • Youtube
  • Facebook
  • X (Twitter)
Get in touch
  • info@hcandersencapital.dk
  • Bredgade 23B, 2. sal
    1260 København K
Inderes
  • About us
  • Our team
  • Careers
  • Inderes as an investment
  • Services for listed companies
Our platform
  • FAQ
  • Terms of service
  • Privacy policy
  • Disclaimer
Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.
  • Latest
  • Markets
    • Stock Comparison
    • Financial Calendar
    • Dividends Calendar
    • Research
    • Articles
  • inderesTV
  • Forum
  • About Us
    • Our Coverage
    • Team