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CMS Advises Alior Bank on Sale of RON 97 Million Retail Performing Loan Portfolio

CMS Advises Alior Bank on Sale of RON 97 Million Retail Performing Loan Portfolio

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CMS has advised Alior Bank, via its branch in Romania, on the sale of a portfolio of approximately 4,000 retail clients, to Romanian bank Patria Bank.

Founded in 2008, Alior Bank is the eighth-largest banking group in Poland in terms of assets. It is listed on the Warsaw Stock Exchange. 

According to CMS, "the biggest shareholder of Alior Bank is the PZU Group, one of the largest financial institutions in Poland and Central and Eastern Europe. The transaction, which consists of performing consumer loans having a balance of approximately RON 97 million as of April 30, 2024, is expected to close in September 2024."

The CMS team included Romania-based Partners Rodica Manea, Cristina Reichmann, and Cristina Popescu, Counsels Adina Nanescu and Claudia Nagy, Senior Associate Elena Andrei, and Associate Cristina Ciomos as well as Poland-based Of Counsel Pawel Wajda.

CMS was unable to provide additional information on the matter.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.