UTRETCH, 04-Jul-2018 — /EuropaWire/ — FGH Bank has sold a part of its loan portfolio with an outstanding balance of approximately EUR 1.3 billion to RNHB B.V. Regulatory approvals have been obtained and the consultation process with the employee representative bodies has been completed. The transaction was announced on 13 March 2018. RNHB B.V. is fully committed to continue to serve FGH’s customers, who have been informed of the transaction.
The transaction fits Rabobank’s commercial real estate strategy. Loans and customers of FGH Bank that are in line with the strategy have been transferred to Rabobank. The remaining portfolio has been sold. FGH Bank N.V. has legally merged with Coöperatieve Rabobank U.A. (CRUA) on 30 June 2018.
SOURCE: Rabobank
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Hendrik Jan Eijpe
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Hendrik-Jan.Eijpe@rabobank.nl
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