Warba Bank purchases $25m portfolio

Kuwait-Mubasher: Warba Bank has acquired equipment leasing portfolio run by U.S. financial investor Atel Capital.

The portfolio sale deal is worth $25 million, of which $8.2 million is allocated for a diversified portfolio, Warba said in a bourse statement on Tuesday.

Atel Capital is a San Francisco-based financial services company that sponsors public and private alternative investment programs for individual and institutional investors.

Mubasher Contribution Time: 05-Jan-2016 05:50 (GMT)