Jun 03, 2019 / 09:00AM GMT
Operator
Ladies and gentlemen, welcome to the Intrum call. Today, I'm pleased to present CEO, Mikael Ericson; and CFO, Anders Engdahl. (Operator Instructions) Speakers, please begin.
Mikael Ericson - Intrum AB(publ)-CEO&President
Well, hello, and good morning. I'm Mikael Ericson, the CEO. And as rightly pointed out earlier, I've got Anders Engdahl sitting next to me to take you through this transaction in Greece that was signed earlier this morning.
And of course, we are very happy today to announce a partnership with Piraeus Bank, the largest domestic bank in Greece. And this is a transaction, as you probably will have seen, that acquires 80% of RBU, Recovery Banking Unit, which is the collection platform of Piraeus Bank, in combination with what we normally would say at least 10 years of servicing agreement for all NPLs generated within the bank.
The Greek market is gradually developing. And we clearly see signs of both the economy and a financial recovery in Greece. And this transaction has a
Intrum AB Establishes Long-Term Strategic Partnership with Piraeus Bank and Acquires its Recovery Management Services Call Transcript
Jun 03, 2019
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