Shareholders of TBB Bank, which has been under the close scrutiny of the Financial Inspectorate for many years, have allowed management to file an application to terminate banking activities, Delovye Vedomosti writes. /nginx/o/2024/07/03/16196980t1hd809.jpg)
Money. Illustrative photo. Photo: Peeter Lillevali
Shareholders of TBB Bank, which has been under the close scrutiny of the Financial Inspectorate for many years, have allowed management to file an application to terminate banking activities, Delovye Vedomosti writes .
According to Äripäev's source, the loan portfolio, which has been on sale for several years, is currently being offered for approximately 20 million euros.
Read also
Estonian bank will charge huge fees for money coming from these countries
"It seems that the search for a buyer is quite intense, and the asking price is about 40 percent of the portfolio value," the source said. This could mean about 20 million euros.
Because the bank has had problems meeting anti-money laundering requirements in the past, the source said TBB's loan portfolio may not be very attractive to buy at such a price.
