Transfer of Non-Performing or Declared Overdue Loan and Credit Portfolio Management ("METEXELIXIS" Portfolio)
QQuant Master Servicer Single Member Anonymous Company for Loan and Credit Receivables Management" is taking over the management of a portfolio of overdue non-performing or declared overdue (until December 8, 2017) loans and credits from the anonymous banking company "ATTICA BANK SINGLE MEMBER BANKING COMPANY" (the "Bank"), based in Athens. This transfer of management follows the securitisation and transfer of the portfolio under the provisions of Law 3156/2003 from Attica Bank to the special purpose vehicle (SPV) named "ABS METEXELIXIS S.A.," with its registered office in Luxembourg (hereinafter referred to as "SPV S.A.").
Within this framework, the aforementioned receivables will be transferred to "SPV S.A.," which, in turn, assigns their management to the anonymous company named "QQuant Master Servicer Single Member Anonymous Company for Loan and Credit Receivables Management," based in Marousi, Attica, and licensed by the Bank of Greece to manage receivables from loans and credits.
The above actions are carried out in the execution of relevant resolutions of the Board of Directors and the Ordinary General Meeting of Shareholders of the Bank. Through this process, QQuant acquires the management of a robust portfolio, assisting the Bank in better serving its customers, especially small and medium-sized enterprises and independent professionals, thereby increasing its profitability.
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.