December 29th 2014

Alpha Bank launches joint venture with Aktua (Spain), to service non-performing assets

Alpha Bank has signed a memorandum of understanding with Aktua Soluciones Financieras, a leading Spanish special servicer, to create and launch an innovative special servicing joint venture, Aktua Hellas.

The joint venture entity, Aktua Hellas, will be 45% owned by Alpha Bank and 55% owned by Aktua.
Aktua Hellas will enter into a long term agreement to manage a part of Alpha Bank's non-performing assets. The entity will specialize in managing non-performing assets to accelerate friendly resolutions and reach consensual and non-judicial solutions with borrowers. Alpha Bank will continue its active role in managing the assets and maintaining its customers' rights and Aktua will manage the servicing of the assets.

Sigma Catalyst Partners

5 Valaoritou Str. Athens - Chalandri 15232 - GREECE
Tel.: +30 210 68 52 411, Fax: 211 017 33 88

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