B2Holding obtains license from the Central Bank of Cyprus

Reference is made to the stock exchange release by B2Holding ASA on 2 January 2018 disclosing that B2Kapital Cyprus Ltd has entered into an agreement for acquiring a non-performing portfolio from Hellenic Bank Public Company Limited in Cyprus and that the transaction was subject to applicable approvals and clearance from relevant authorities. 


B2KAPITAL CYPRUS LTD, the Cypriot subsidiary of B2Holding ASA, was on May 10th, 2018 granted the license from the Central Bank of Cyprus to operate as a credit acquiring and servicing company.

B2KAPITAL CYPRUS LTD has obtained all applicable approvals and is now proceeding with the completion of the agreement with Hellenic Bank Public Company Limited for the acquisition of the portfolio comprising of non-retail secured and unsecured loans which had a combined face value of EUR 145 million and 1,977 loans as of cut-off date.

The completion of the transaction is expected to take place by the end of the second quarter of 2018.

For enquiries regarding the transaction, please contact: 

Olav Dalen Zahl 
CEO, B2Holding ASA
Mobile: +47 909 86 386
Email: odz@b2holding.no

or 

Erik Just Johnsen 
CFO, B2Holding ASA
Mobile:+47 415 77 055
Email: ejj@b2holding.no