- die NPL´s dürften ja inzwischen komplett abgeschrieben sein, der Verkauf sollte daher positiv zu gewertet werden:
Piraeus Bank sells 1.95b euros corporate NPL portfolio to Bain Capital
Piraeus Bank said it has entered into an agreement with debt purchaser Bain Capital Credit for the sale of 1.95 billion euros non-performing corporate credit exposures secured with real estate collateral. The portfolio has a 1.45 billion euros on-balance sheet gross book value. The transaction is subject to customary and regulatory approvals.
?The transaction is expected to generate circa 20 basis points of CET-1 capital, as at 31st March 2018, while reducing the NPE ratio of the Bank by more than 100 basis points,? Piraeus said in a statement.
?Following the completion of the transaction, Piraeus will have no control over the servicing of the portfolio and will retain none of the risks and rewards associated with it,? the bank added.
?This is the first commercial real-estate backed NPE sale taking place in our country and one which Piraeus prepared and executed methodically. It sets the mark and materially contributes in the creation of the secured NPE market in Greece,? Christos Megalou, the Group?s Chief Executive Officer, said.
?We are greatly encouraged by Bain's direct investment in Greece, which we read as a strong vote of confidence in the prospects of the newly established NPE market, the recovering real estate prices and the Greek economy overall,? added.
UBS is acting as exclusive financial advisor of Piraeus for the transaction.
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