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

Yvonne Chan

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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