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Attica Bank selects doValue Greece to manage a €500 million NPE portfolio

doValue Greece has inked a pivotal servicing contract with Attica Bank SA, marking a significant expansion in its portfolio. The deal, involving the management of Non-Performing Exposures (NPEs) worth approximately €500 million Gross Book Value (GBV), is integrated into a larger decuritized portfolio known as Project Omega, which was reassigned to Attica Bank in February 2024.

Attica Bank, ranking as the fifth-largest banking entity in Greece, provides a comprehensive spectrum of financial services to individuals and SMEs, including deposit, investment, and insurance products. With doValue Greece now managing €30 billion of NPEs, including 7 HAPS securitizations, this transaction further solidifies its standing in the Greek Non-Performing Loan (NPL) market.

Original Story: BNN Breaking | Author: Sakak Costu
Edition: Prime Yield