NBG clinches deal to sell 6 bln euros of bad loans to doValue, Bain, Fortress

Bain Capital Specialty Finance

15/10/2021 07:38

ATHENS, Oct 15 (Reuters) - National Bank (NBG)  NBGr.AT ,
one of Greece's largest lenders by assets, finalised a deal with
DoValue  DOVA.MI , Bain Capital and Fortress to offload a 6.0
billion euro portfolio of non-performing loans, it said on
Friday.
    NBG said it is selling 95% of mezzanine and junior notes
from a securitisation backed by a portfolio of non-performing
exposures with a total gross book value of about 6.0 billion
euros.

 (Reporting by George Georgiopoulos)
 ((angeliki.koutantou@thomsonreuters.com; +30 2102214608;
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