National Bank of Greece had just announced that it has entered into a definitive agreement with funds managerd by EOS Group, for the disposal of a portfolio of unsecured non-performing exposures (NPE), named Project Etalia B, including consumer loans, small business loans (SBL), small & médium enterprises loans (SME) and large corportate with total principal amount of c.€0.1 billion.

The transaction is being implemented in the context of the Bank’s NPE management strategy. 

The consideration of the transaction amounts to more than 25% of the total principal amount of the Etalia B Portfolio. The transaction is expected to be capital accretive. 

The transaction is expected to be completed by Q1 26. Following the completion of the transaction, EOS Matrix Greece will undertake the servicing of the Etalia B Portfolio.

Morgan Stanley & Co. International plc acted as financial advisor while Karatzas & Partners Law Firm served as external legal counsel to NBG.

Original story: NBG
Edition. Prime Yield