American Apollo Global Management, Pacific Investment Management Co. (Pimco) and Lone Star Funds, which are specialized in asset management, are ready to buy Toxic loans of the Bank of Cyprus (BoC) for 5 billion euros, Bloomberg reports with reference to its source.

BoC has not commented on the news yet.

It should be reminded that in 2017, Bank of Cyprus's non-performing loans amounted to 8.8 billion euros. It was 47% of the loan portfolio.

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