Karatzas & Partners is pleased to announce that our firm advised National Bank of Greece with regards to the disposal of the first secured non-performing portfolio of small Business Lending and Small & Medium Enterprises loans with total principal amount of c. €0.9 billion (Project Symbol) to Symbol Investment NPLCO DAC (a company jointly owned by funds managed by Centerbridge Partners, LLP and Elliott Advisors (UK) Limited). The consideration of the transaction is equivalent to c. 28% of the principal amount of the portfolio and is capital accretive to NBG (based on Q3 2019 CET 1 ratio). The disposal was completed on Friday, December 6th. For more information please visit the following link: https://bit.ly/34tbkd8