National Bank of Greece to sell 174 mln euro Romanian NPLs portfolio to Bain Capital Credit Deal, business, corporate contracts
BUCHAREST (Romania), December 22 (SeeNews) - âNational Bank of Greece (NBG) said on Tuesday that it has entered into a definite agreement with Bain Capital Credit for the disposal of a 174 million euro ($211 million) Romanian-risk corporate NPLs portfolio.
The closing of the transaction is subject to standard conditions precedent, including the approval of the transaction by the anti-trust authority in Romania, as well as the consent of the Hellenic Financial Stability Fund, NBG said in a press release.
The transaction is being implemented in the context of NBG’s non-performing exposure deleveraging strategy and in accordance with the Operational Targets submitted to the Single Supervisory Mechanism and has a neutral capital impact to the bank, NBG added.