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Qualco Group buys company in Cyprus to service Astrobank’s NPLs

Qualco Group acquired from Astrobank 74.9% of the newly established company Trusset Asset Management Limited. The company is renamed to QQuant Master Servicer Cyprus Limited.

Trusset Asset Management has acquired the servicing of Astrobank’s NPLs and real estate. In the context of the acquisition and transfer, the newly established company has hired the staff of AstroBank who were dealing with NPL servicing. The company has signed a 9-year servicing contract with AstroBank,while Astrobank retains the ownership of loans and real estate.

Original Source: Newmoney.gr

Adaptation/Summary: Kiki Athanasiadis

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