NBG sells NPL portfolio of €1.2 bn to Carval

The price reportedly exceeds 7% of the equity due. The NPL portfolio consists of consumer debt, credit cards and SME business loans, not backed by collateral.

This is the second bad-loan portfolio acquired by Carval. Last June, Carval and Intrum acquired Project Earth, a 2 billion-euro bad loan portfolio, at 6% of its total value (120m euros).