Seven foreign distress funds have reportedly expressed an interest in assuming the management of an Attica Bank portfolio of non-performing (NPLs) totalling one billion euros.
The same reports cited a simultaneous investment of own capital reaching 70 million, as placement in the Athens-based bank to cover its capital needs, ones arising from last year’s stress tests.
The seven offers will be examined in the near future, with the preferred investor to be announced by the end of the month, according to reports.
