Bank of Cyprus Completes Asset Transfer Involving Approximately €570 Million in Loans and Deposits

A report published during the week of 19–25 October said Bank of Cyprus had completed its acquisition of performing loans worth approximately €130 million and deposits of around €440 million from Cyprus Development Bank. The consideration was close to book value, with an estimated €2.8 million discount on transferred assets; financial institutions and advisers can explore portfolio analytics, credit-risk modelling and transaction reporting, while HPC can provide data-processing support with pricing based on project scope.

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