The company with the name "QQuant Master Servicer Servicing of Loans and Credits Single Member S.A." signed an agreement with the Bank of Greece for the management of part of the "KASTOR" portfolio, which includes non-performing loans to small and medium-sized enterprises with collateral actions.
QQuant was selected as the preferred manager following a competitive process carried out by the Pancreta Bank. The specific portfolio consists of approximately 90% of small and medium sized companies with RE collaterals, mainly located in the geographical region of Crete.
The management strategies applied are adapted to the specific needs of each portfolio and utilize the full text of the solutions of the current legal framework, while focusing on restructuring solutions with the aim of long-term sustainability of the products.
QQuant, a member of the Qualco Group, is the largest independent servicer of non-performing loans and receivables in Greece. It is also the first Greek receivables management company to be internationally certified as a servicer by Fitch, with a rating of 2, the second highest level on the Fitch rating scale. Headquartered in Athens, with offices in the UK, France and Cyprus, the Qualco Group serves more than 70 organizations in over 30 countries worldwide and has a strategic partnership with the global investment management company PIMCO.