EBRD and Intrum invest in Piraeus Bank’s NPE portfolio in Greece
EBRD and Intrum invest in Piraeus Bank’s NPE portfolio in Greece
Investment will support the resilience of the Greek banking sector
EBRD’s third investment in an NPE portfolio
in Greece The European Bank for Reconstruction and Development (EBRD) and Intrum Holding AB are jointly investing in an unsecured non-performing exposure (NPE) portfolio originated by Piraeus Bank, one of the leading banking groups in Greece. The EBRD’s investment is around €11 million. The portfolio consists of approximately 53,000 loans with total legal claims of about €1.7 billion and a gross book value of €0.7 billion.