No. 61031/03.10.2018
To: FINANCIAL SUPERVISORY AUTHORITY (FSA) - Financial instruments and investments sector
BUCHAREST STOCK EXCHANGE
Ref: Selling a non-performing loans portfolio
Current report: according to BSE Code and FSA Reg. 5/2018
Report date: 03.10.2018
Name of the issuer: PATRIA BANK SA
Headquarters: Bucharest, 31 Ion Brezoianu, Actor Street, 1st, 2nd and attic
Phone / Fax No: 0372538725 / 021 206 39 02
Unique Registration Code with the Trade Register: RO 11447021
Order number in the Trade Register: J40/9252/2016
Subscribed and paid-in share capital: RON 274,165,692.20
The regulated market where the instruments are traded: Bucharest Stock Exchange
Privileged information
In accordance with the provisions of art. 122 para (1) of the Law no.24/2017, as well as of art. 234 para t) and of art. 144 A of the FSA Regulation no. 5/2018 on issuers of financial instruments and market operations, Patria Bank SA (“the Bank”) informs about the fact that on 03.10.2018 the Bank has signed with InvestCapital LTD, part of KRUK Group, a contract whereby the Bank sells a non performing loans portfolio consisting of unsecured loans granted to individuals. The exposure related to this transaction concerns a number of approx. 9,800 contracts with a nominal value of approx. LEI 245 million and it will be locally managed by KRUK Romania.
This transaction marks a success that will contribute to achieving the business objectives and improving the profitability indicators, which already showed a positive trend starting with the second quarter of 2018.
A new portfolio sale project will follow this transaction and it is estimated to happen by the end of this year, targeting non-performing loans for individuals and companies, both secured and unsecured.
DEPUTY GENERAL MANAGER DEPUTY GENERAL MANAGER
BOGDAN NEACSU LUCICA PITULICE