Attica sells NPE portfolio

Attica sells NPE portfolio

Attica Bank on Friday announced the sale of a nonperforming exposure portfolio worth 700.5 million euros to Luxembourg-based TOCU Europe II Sarl, expecting the 47 million euros paid to strengthen the capital base of the mid-cap lender as Tier I capital.

The loans in question were securitized with a junior note bond, in line with the decision the bank’s annual general meeting had made on June 27.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.