Alpha, Eurobank sign agreement with KKR for management of NPLs

EconomyBanking Tags: Alpha, Banking, Eurobank, NPLs

In a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected Greek corporates into a platform managed by Pillarstone.

The non-performing loan (NPL) portfolio will reportedly amount to 1.2 billion euros and will equally stem from the two Greek banks.

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