NBG has signed a definitive agreement for the sale of a non-performing loan portfolio with a total accounting value of €700 million with Bracebridge Capital. Utilizing the Hercules tool, the bank sells 95% of the medium- and low-priority bonds while retaining 100% of the high-priority bonds and 5% of the junior securities.

NBG anticipates a total revenue of approximately 63% from these bonds, which translates to around €440 million. The transaction is set to occur in the second quarter of the year, and the management of the loan portfolio will be handled by doValue Greece.