Two blocks of non-performing loans (NPLs) are set for sale by a same-number of Greek lenders this period, with the "Mercury" package being sold off by Alpha Bank and "Zenith" by Eurobank.
The two portfolios include non-performing loans without collateral.
Conversely, another block of NPLs, "Jupiter", held by Alpha Bank, includes loans with collateral. A deadline for submission of bids for the latter is expected by the end of the month.
The Zenith portfolio is expected to fetch a highest bid of up to 70 million, but not higher. The nominal value of the NPL portfolio is roughly 1.1 billion euros; the Mercury portfolio includes "bad loans" in the form of unsecured loans to SMEs and consumers, and with a nominal value of 1.9 billon euros.
Jupiter is the second portfolio of NPLs that includes collateral being sold-off by a Greek systemic bank, the first was the "Amoeba", floated by Piraeus Bank. This portfolio, with a nominal value of 800 million euros, includes 500 NPLs to SMEs, with 1,700 properties included as collateral.
