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.