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Weekly Lists
April 13, 2018 www.intellinews.com I Page 28
bne:Banker
Emirates NBD’s talks to acquire Turkey’s Denizbank from Russia’s Sberbank “continue”
B2Holding to buy €124mn NPL portfolio from Romania’s Banca Transilvania
Emirates NBD’s talks to acquire Turkey’s Denizbank from Russia’s Sberbank continue with both sides discussing the shareholder agreement, Denizbank’s CEO told reporters at an event. in Istanbul on April 11.
Hakan Ates added that all necessary transactions on the Denizbank side were completed.
On March 22, Reuters reported sources as saying Emirates NBD, Dubai’s largest bank, could agree to buy Denizbank from Sberbank within weeks after intense lobbying by the Turkish bank to convince President Recep Tayyip Erdogan of the benefits of the potential $5.3bn deal, despite a diplomatic rift between Turkey and Arab nations including Dubai.
B2Holding has reached an agreement to buy a non-performing loan (NPL) portfolio with an aggregate nominal value of €124mn from Romania’s Banca Transilvania (BT).
This is B2Holding’s second transaction in Romania in recent months. In December last year, it entered into agreements to acquire a portfolio of NPLs with a nominal value of around €271mn from Raiffeisen Bank Romania.
The portfolio consists of approximately 3,300 individual loans, and the acquisition is expected to be closed in the second quarter of the year. The transaction will be carried out through B2Holding’s Romanian subsidiary and will include retail and corporate, secured and unsecured NPLs.
Macedonia's Social Democrat-led government said on April 10 it plans to borrow €100mn from the European Investment Bank (EIB) for on-lending to small and medium sized enterprises (SMEs).
This will be the fifth credit line provided by the EIB to the Macedonian government. It will offer debt financing to Macedonian businesses under favourable terms.
The loan will be taken out by the state-owned Macedonian Bank for Development Promotion, which will further provide credits to small and medium-sized firms, the government said in a statement.
The maximum interest rate of the borrowing for final users will
be set at 3.2% annually.
Macedonian government plans to borrow €100mn from EIB for on-lending to SMEs