HSBC sells portfolio to Paragon Group of Companies

8th Oct 2013 09:56

HSBC subsidiary, HSBC Bank, on Tuesday sold a portfolio of non-performing personal unsecured and secured loans to the Paragon Group of Companies. The sale was made for a total consideration of £13.5m. The portfolio is made up of loans from HFC Bank, an indirectly wholly-owned subsidiary of HSBC that was put into run off in 2009.NR

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