NEWS

National Bank sells NPLs portfolio to Bain Capital for 1.6 billion euros

National Bank sells NPLs portfolio to Bain Capital for 1.6 billion euros

National Bank Group on Friday announced the completion of a transaction for the disposal of a non-performing, predominantly secured, corporate loan portfolio to the investment firm Bain Capital Credit (Bain Capital) for a total principal amount of 1.6 billion euros.

In an announcement, National Bank said that Morgan Stanley & Co. International plc acted as financial advisor, Karatzas & Partners and Milbank LLP as local and international external legal counsel, respectively, and Deloitte Greece as transaction and accounting advisor to NBG.

TAGS