TGS Baltic has advised Medicinos Bankas on its purchase of rights of claim to a EUR 29.8 million loan portfolio from UAB Baltijos Kredito Sprendimai to home, student, and consumer loans of former clients (natural persons) of the failed bank Snoras. Ellex reportedly advised the sellers on the deal.
Medicinos Bankas is a Lithuanian capital bank, which has 53 customer service units all over Lithuania. The main clients of the bank are micro, small, and medium enterprises, as well as farmers and other private individuals.
TGS Baltic's team consisted of Associate Partner Aurimas Pauliukevicius and Associate Donatas Sliora.