The BEST Group has concluded an agreement to acquire a debt portfolio from BPH Bank. It will pay 14.3 million PLN for a portfolio with a total nominal value of more than 61 million PLN.
The acquired package includes approx. 3100 debt items, mainly non-performing retail loans. The debt will be managed by BEST II NSFIZ, a wholly-controlled fund of BEST.
The purchase of the debt portfolio from BPH Bank is just one of the BEST Group's most recent transactions. In early June, BEST I NSFIZ acquired from Sygma Bank a portfolio with a nominal value of approx. 290 million PLN for 45 million PLN.
General information about BEST
BEST S.A. has been listed on the Warsaw Stock Exchange since 1997. The company specialises in the trading and management of non-performing receivables. The BEST Group actively invests in receivables portfolios (especially in the field of banking) with the use of securitisation funds and provides debt collection services for third parties: banks, telecommunications operators, power companies and other mass service providers.
BEST is also the sole shareholder of BEST TFI which obtained its licence to operate from the Polish Financial Supervision Authority (KNF) in 2008. The combination of expertise in the fields of debt collection and that of the establishment and management of investment funds has helped the entity to concentrate all the elements of its business model within one capital group.
Currently, BEST TFI manages four funds, including three securitisation funds: BEST I NSFIZ, BEST II NSFIZ and BEST III NSFIZ, whose assets include portfolios of receivables with a total nominal value of over PLN 9 billion (as of the end of Q1 2015) and the non-public assets fund BEST Capital FIZAN.
For more information visit www.best.com.plor contact:
tel. 22 826 74 18 / mob. 516 173 691
tel. 22 826 74 18 / mob. 514 985 845