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Piraeus Bank to put up for sale Baywest NPLs

Piraeus Bank is plans to put up for sale a portfolio of bad loans of the well-known shipowner Logothetis, worth over €400 m, in January. Loans are grouped together with other NPLs in order to be more attractive to the Funds. The company that owes the loans is called Baywest. The interest of the funds is expected to be lively as the hidden added value of the loans is expected to be very large.

Original Source: Newmoney.gr

Adaptation/Summary: Kiki Athanasiadis

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