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Patria Bank sells EUR 70 mln NPL bundle to Kruk

Romania’s Patria Bank sold to Kruk Romania a bundle of 934 non-performing secured loans (NPL) granted to legal persons and individuals, with a nominal value of RON 332 million (EUR 70 mln), the bank announced on January 25. This was the second phase of Patria Bank’s NPL sale project started in 2018, which was aimed at improving the profitability indicators, which have already shown a positive trend beginning with the second quarter of 2018. In October 2018, Patria ...

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