Resolute Asset Management Greece S.A granted Non-Performing Loan Servicing Licence by the Bank of Greece

Resolute Asset Management is pleased to announce that it has received regulatory approval from the Bank of Greece to act as a servicer of non-performing loans (NPLs) in Greece.

The license was granted following a rigorous assessment process and allows for Resolute to service NPLs on behalf of regulated and non-regulated parties. As a result, Resolute will be able to further assist both Banks and NPL buyers in accelerating resolution of non-performing exposures, thus freeing up valuable capital and supporting new lending – a key catalyst in the country’s effort for economic recovery.

Bill Hancock, Managing Partner of Resolute, commented “The granting of the servicing license is yet another endorsement of Resolute’s credibility as a specialist servicer of real estate NPLs, and demonstrates our commitment to playing an integral role in addressing Greece's €100 billion non-performing loans.”