CEC Bank Sold EUR120M NPLs To Kruk At 83% Discount

06.23.2017 By Anelis Baciu

CEC Bank, the sixth largest bank in Romania by assets, sold a set of non-performing consumer and credit card loans worth 541.4 million lei (EUR120 million) in gross amount, for RON94 million in 2016, which means an 83% discount, the bank’s annual reports show.

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Keywords:
cec bank
, npl
, sale
, write-off