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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

NBG sells EUR 174 mln Romanian portfolio of problematic loans

The National Bank of Greece (NBG) has completed the sale of a Romanian portfolio of non-performing and underperforming corporate loans (NPLs) with a gross book value of approximately EUR 174 mln to Bain Capital Credit.

The portfolio has attached guarantees of approximately EUR 102 mln.

NBG was assisted in the transaction by the international law firm CMS. The transfer of the portfolio was approved by the Romanian regulatory authorities and the Financial Stability Fund of Greece.

The transaction represents one of the largest sales of corporate non-performing loans (NPLs) on the Romanian market.

"The completion of this very important deal can officially mark the resumption of transactions with non-performing loans in Romania. It was a complex project, carried out over a considerable time, which involved a sustained collaboration between teams of lawyers and consultants in many areas of legal practice (corporate law, financial-banking, real estate, commercial, tax) and which was carried out in the unprecedented context generated by the COVID-19 pandemic ", said Rodica Manea, Corporate M&A Partner within CMS Romania.

andrei@romania-insider.com

(Photo source: Pixabay.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

NBG sells EUR 174 mln Romanian portfolio of problematic loans

The National Bank of Greece (NBG) has completed the sale of a Romanian portfolio of non-performing and underperforming corporate loans (NPLs) with a gross book value of approximately EUR 174 mln to Bain Capital Credit.

The portfolio has attached guarantees of approximately EUR 102 mln.

NBG was assisted in the transaction by the international law firm CMS. The transfer of the portfolio was approved by the Romanian regulatory authorities and the Financial Stability Fund of Greece.

The transaction represents one of the largest sales of corporate non-performing loans (NPLs) on the Romanian market.

"The completion of this very important deal can officially mark the resumption of transactions with non-performing loans in Romania. It was a complex project, carried out over a considerable time, which involved a sustained collaboration between teams of lawyers and consultants in many areas of legal practice (corporate law, financial-banking, real estate, commercial, tax) and which was carried out in the unprecedented context generated by the COVID-19 pandemic ", said Rodica Manea, Corporate M&A Partner within CMS Romania.

andrei@romania-insider.com

(Photo source: Pixabay.com)

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