News & Highlights

Piraeus Bank NPE 1.9bn
Jan 2021

Bernitsas Law advises Piraeus Bank on €1.92bn NPE securitisation

Bernitsas law acted as Greek counsel to Piraeus Bank in connection with its first public NPE securitisation in the Greek market, with a gross book value of €1.92bn comprised primarily of non-performing residential mortgage loans. The securitisation is expected to be enrolled in the Hercules Asset Protection Scheme (Hercules), a guarantee scheme introduced by the Hellenic Republic.