Sale of a €95m portfolio of distressed loans

Loan portfolios of four failed credit unions - Vilniaus Taupomoji Kasa, Nacionalinė Kredito Unija, Laikinosios Sostinės Kreditas and Švyturio Taupomoji Kasa were acquired by Easy Debt Service LLC. The total nominal value of the portfolio sold is €95 million. All of the proceeds from the sale will be used to repay creditors of failed credit institutions, primarily the Lithuanian State Deposit Insurance Fund.

Superia acted as the sole financial advisor to the sellers.

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