NBG sells Romanian portfolio of 174 million euros of problematic loans


The National Bank of Greece (NBG) has finalized the sale of a Romanian portfolio of nonperforming and underperforming business loans (NPL) with a gross book value of approximately 174 million euros to Bain Capital Credit.

The portfolio has attached guarantees of approximately 102 million euros.

NBG was assisted in the transaction by the international law firm CMS. The transfer of the portfolio has been approved by the Romanian regulatory authorities and the Financial Stability Fund of Greece.

The transaction represents one of the largest sales of business loans (NPLs) on the Romanian market.

“The conclusion of this very important transaction may officially mark the resumption of transactions with non-performing loans in Romania. This was a complex project, carried out over a considerable period of time, which involved sustained collaboration between teams of lawyers and consultants in many fields. of legal practice (corporate law, financial banking, real estate, commercial, taxation) and which was carried out in the unprecedented context generated by the COVID-19 pandemic ”, said Rodica Manea, Corporate M&A Partner at CMS Romania.

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