HBK Partners has advised MKB Bank on the sale of its non-performing retail mortgage loan portfolio, secured mostly by residential mortgages, to MKK Hungarian Debt Management Company. Sarhegyi and Partners has advised MKK Zrt. on the acquisition. The face value exceeded EUR 300 million.
The transaction consisted of a two-phase auction sale bidding process organized among international and Hungarian institutional players on the NPL market, including banks, investment banks, and loan management firms.
The HBK Partners team was led by Partners Marton Kovacs and Dora Halapi, supported by Associates Judit Szentmihalyi and Tamas Nemcsak.