Three investor funds are Eurobank’s shortlist for the € 26 billion NPE portfolio. Eurobank estimates they will get for the portfolio € 530-600 m.
The three funds that made to the short list are Fortress, Pimco, and Elliott-Bain joint venture. Eurobank in regards to its NPEs plans to sell the Pillar portfolio ( € 2 bn mortgages), securitize € 7,24 bn NPEs of all kinds and sell its servicer, FPS.
In total, along with the NPEs that Eurobank already has, the buyer will have € 26 bn distressed loans to service.