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PIRAEUS-BANK

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Piraeus Bank Completes the Sale of a Portfolio of €0.2bn of Romanian Originated Loans to Kruk Group

Piraeus Bank SA, in conjunction with Piraeus Bank Romania (together “the Bank”), have completed the sale of a portfolio of €0.2bn of Romanian originated loans to Kruk Group.

The sale, together with sales of Romanian loans of €0.4bn in previous periods, have been part of the Bank’s focused and systematic actions, targeted to fulfill its restructuring plan obligations, NPE operational targets and de-risk its balance sheet.

Contact:

Media enquiries:
Piraeus Bank Group
George Papaioannou, Head of Press Office
+30 210 3288 830
or
Powerscourt
Alex Rowbottom
+44 (0)20 7250 1446

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