Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022

EconomyBanking Tags: Alpha, Banking, Eurobank, NBG, Piraeus
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

Piraeus Bank announced on Tuesday that it has reached a final agreement with Davidson Kempner for the sale of a shipping NPE portfolio with a gross book value of 400 million euros.

The bank noted that the agreement will be 53 pct of the portfolio’s gross book value.

You need a subscription to access our analysis. Please choose one of the packages available.

If you are already registered, please sign in.

Full Access

A tailor-made service for professionals

Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.

Free Access

Read some of our analysis for no charge

By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.

Standard Access

Our analysis and data at your fingertips

Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.