Raiffeisen Bank Romania, one of the top five players on the
market last year sold credits worth around 1,12 billion euros in
overall book value to special, Netherlands-based vehicles. In order
to adjust its balance sheet and exposure, the bank gave up both
corporate and retail loans, with the contracts mainly transferred
to RI Eastern European Finance (RIEF), and, as of July, to ROOF
Consumer Romania (which was specially created to securitise
consumer loans). With this move, the bank transfers all the risks
and benefits entailed by the assets transferred, but continues to
provide credit portfolio management services to the two special
vehicles. The bank also sealed interest rate swap contracts,
changing the one-month floating EURIBOR rate to a fixed, adjustable
rate on the credit portfolios sold.

Subiecte #loans#Raiffeisen Bank