BNP PARIBAS : Standard Bank Agrees to Sell $1 Billion of Asia Loans -Reuters
South Africa's Standard Bank Group (SBK.JO) has agreed to sell its Asian loan portfolio, of around $1 billion, which includes financing of mining projects in Mongolia, Indonesia and other countries, to BNP Paribas SA (>> BNP PARIBAS) and others, Reuters reported Wednesday, citing two people familiar with the matter.
BNP Paribas has agreed to buy at face value the Mongolian part of the portfolio, worth about $350 million, along with some other loans in Asia, one of the sources said. The other potential buyers were not identified.
Standard Bank declined comment on the deals to Reuters and no one was immediately available for comment at BNP Paribas.
BNP Paribas has agreed to buy at face value the Mongolian part of the portfolio, worth about $350 million, along with some other loans in Asia, one of the sources said. The other potential buyers were not identified.
Standard Bank declined comment on the deals to Reuters and no one was immediately available for comment at BNP Paribas.
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