National sells NPL portfolio to Bain Capital for €1.6 bln
![National sells NPL portfolio to Bain Capital for €1.6 bln](https://www.ekathimerini.com/wp-content/uploads/2021/02/gkat_25_1106_page_1_image_0002-thumb-large-thumb-large-thumb-large.jpg)
The National Bank of Greece Group on Friday announced the completion of a transaction for the disposal of a nonperforming, predominantly secured, corporate loan portfolio to the investment firm Bain Capital Credit for a total principal amount of 1.6 billion euros.
In a statement, National Bank said that Morgan Stanley & Co International Plc acted as financial adviser, Karatzas & Partners and Milbank LLP as local and international external legal counsel, respectively, and Deloitte Greece as transaction and accounting adviser to NBG.