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17 September 2019
CMS Hungary advised Balbec Investments and MOMENTUM CREDIT Zrt, a Hungarian joint venture owned by Balbec Investments and the APS Group, on the purchase of MKB Bank Nyrt’s non-performing retail mortgage loan portfolio, secured mostly by residential mortgages. The face value exceeded EUR 75 million. The transaction consisted of a two-phase auction sale bidding process organized among international and Hungarian institutional players on the NPL market, including banks, investment banks, and loan management firms.
The CMS Hungary team consisted of Senior Counsel Eszter Török and Junior Associate Zsolt Beregi with Erika Papp being the Partner in charge of the transaction.