SC Lowy takes stake in Korea’s Shinmin

Distressed and illiquid assets specialist SC Lowy will likely gain a portfolio of South Korean non-performing loans by acquiring Shinmin from a troubled construction firm.
Korean banks face an NPL crunch, opening the door to distressed specialists
Korean banks face an NPL crunch, opening the door to distressed specialists
January 24, 2014

SC Lowy has announced the joint acquisition of a controlling stake in South Korea’s Shinmin Mutual Savings Bank in a deal that will likely give the Hong Kong-based firm a sizeable portfolio of non-performing loans (NPLs).

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