Athens, 24 February 2021 - Karatzas &Partners advised National Bank of Greece with regards to the disposal of a portfolio of c. 2,800 non-performing, predominantly secured, corporate loans with total principal amount of c. €1.6 billion to the investment firm Bain Capital Credit.

Following signing in June 2020 of this landmark transaction that reopened the Greek NPL market post the initial Covid-19 shock, highlighting our Firm’s capability to deliver legal services of the highest standards even in unprecedented times, Project Icon has successfully closed in February 2021.