Dracopoulos and Vassalakis has advised Quant on its entrance into a long-term servicing agreement with the Pancreta Bank for a EUR 670 million non-performing corporate and SME loan portfolio.
According to the firm, the loans are secured by real estate located mainly in Crete, Greece.
Quant, a part of the Qualco Group, is a Greek independent loan and credit claims servicing company, with more than EUR 12 billion in assets under management.
Dracopoulos and Vassalakis did not reply to an inquiry about the deal.
