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18 August 2018
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NBG sells NPL portfolio to Carval Investors and Intrum

22 June 18 - RE+D Magazine
NBG sells NPL portfolio to Carval Investors and Intrum

COMPANIES

PROPRIUS

Consultant - GREECE

Pepper Hellas

Consultant - GREECE

PEOPLE

National Bank of Greece (NBG) said that it sold a portfolio of non performing loans to Carval Investors and Intrum AB as part of efforts to reduce bad loans.

 

The portfolio offloaded by NBG has an outstanding principal amount of some two billion euros, and consists of unsecured retail and small business loans in Greece, the lender said in a statement.

Paul Mylonas, acting chief executive of NBG, said, “NBG is fully committed to the delivery of its NPE reduction targets, with sales being one of the strategic pillars.

The consideration is a testament to NBG’s asset quality and a vote of confidence to the recovery and growth potential of the Greek economy.”

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