Assignation of Management for Selected Retail, Small Business, and Small and Medium-Sized Enterprise Banking Receivables Portfolio ('Mirror' Portfolio)
The company under the name 'QQuant Master Servicer Single-Member Anonymous Company for the Management of Claims from Loans and Credits' announces the assumption of management for a receivables portfolio comprising selected Retail Banking, Small Business Banking, and Small and Medium-Sized Enterprise Banking receivables (consumer/business loans and credit cards). This portfolio originates from the anonymous banking company 'NATIONAL BANK OF GREECE S.A.' based in Athens.
Specific characteristics of this transaction include the sale and transfer of the aforementioned receivables from National Bank to the company 'Asopus LP,' which is headquartered at Corporation Trust Centre, 1209 Orange Street, City of Wilmington, Delaware, 1980. The management of these receivables has been entrusted by the acquiring company (Asopus LP) to the company 'QQuant Master Servicer Single-Member Anonymous Company for the Management of Claims from Loans and Credits,' which is headquartered in Marousi, Attica, and holds the necessary license from the Bank of Greece for managing claims from loans and credits.
With the acquisition of the management of this specific portfolio, QQuant strengthens its position in the domestic market of independent servicers while gaining significant expertise in managing the aforementioned credit exposures in all phases of its lifecycle.
QQuant Master Servicer Servicing of Loans and Credits Single Member S.A. (‘Quant’) is an independent servicer of non-performing loans granted by Greek banks and financial institutions to individuals and enterprises in Greece. Quant is licensed by the Bank of Greece according to Greek law 4354/2015 as stipulated in the Executive Committee Act 118/19.5.2017.