National Bank sells NPLs worth 1.2 billion euros

National Bank of Greece on Thursday announced that it has entered into a definitive agreement with CarVal Investors for the disposal of a portfolio of unsecured non-performing portfolio of credit cards, consumer loans, small business loans and small & medium enterprises loans with total principal amount of around 1.2 billion euros (Project Mirror). The transaction is being implemented in the context of NBG’s NPE Strategy and Operational Targets, as submitted to the Single Supervisory Mechanism.

In an announcement, the bank said the servicing of the portfolio will be appointed, by the Investor, to QQuant Master Servicer which has been licensed and is regulated by the Bank of Greece under Law 4354/2015. The consideration of the transaction amounts to more than 9% of the principal portfolio amount and is capital accretive to NBG. Alantra is acting as financial advisor while Karatzas & Partners as external legal counsel to NBG.

Διαβάστε ακόμη

Πιθανή συμφωνία με τους νέους ηγέτες του Ιράν «βλέπει» ο Τραμπ - Μιλά ξανά για κατάληψη της Χαργκ

Σόου με «ακραίες» επιδείξεις αντοχής στη Βόρεια Κορέα: Βαριοπούλες, σπάσιμο τσιμέντων και ένας περιχαρής Κιμ Γιονγκ Ουν

Απόκοσμο τοπίο στην Αυστραλία: Ο κυκλώνας Νάρελ «έβαψε» τον ουρανό κόκκινο

Συγκινητικό: Έσωσαν στη Ρόδο τυφλή ελαφίνα που είχε εγκλωβιστεί - Η δύσκολη επιχείρηση