B2KAPITAL APPLIED FOR LICENSE TO THE CENTRAL BANK OF CYPRUS
B2Kapital Cyprus Ltd applied on 2nd February 2018, to the Central Bank of Cyprus for authorization to operate as a Credit Acquiring Company under section 5(1) of the Sale of Credit Facilities and Other Related Issues Law of 2015 (No 169(I)/2015).
B2KAPITAL is part of the B2HOLDING Group, a Norway-based multinational Group of companies, which employs around 2,000 experts in 21 European countries and is listed on the Oslo Stock Exchange (Oslo Børs). The Group, which is one of the top 10 acquirers and managers in the NPL market in Europe, sees Cyprus as an interesting market with growing potential.
“The proper and socially responsible management of NPLs can and must serve as a springboard for the turnaround/development of the Cyprus economy. The 25 years of extensive experience of our team, in conjunction with the collective insight, the best practices, the advanced digital platforms and processes, as well as the financial capabilities of the Group, ensure the success of the Cyprus subsidiary, which has already been staffed with seasoned executives from the banking sector.