Orchestrating bank's lending portfolio sale execution
Bank's lending portfolio sale transaction was completed in less than 6 months with FSQUARE coordination of the process. In scope of the transfer was all Danske Bank's Latvian lending portfolio that contained term loans, leasing agreements and guarantees. All the customers with their outstanding balances were transferred to Luminor Bank and Luminor Leasing respectively. Banking portfolio sale transaction is never an easy task. Tendering, due diligence and signing a contract is