CrediaBank acquires re-performing mortgage loan portfolio with gross book value of €37.4 million
Bitget2026/11/03 15:46- CrediaBank announced completion of its Jewel portfolio acquisition on Nov. 3, 2026, with a gross book value of approximately €37.4 million.
- The primarily residential mortgage portfolio marks Greece’s first transfer of re-performing residential mortgage loans directly to a bank.
- The loans came from Hercules securitizations, having returned from non-performing to performing status under European Banking Authority criteria.
- The acquisition is expected to bring more than 800 new individual customers, strengthening the bank’s retail banking business.
- Cepal will continue servicing the portfolio during a transition period before the bank takes over customer relationships and servicing.
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