NBG ready to sell off NPLs portfolio worth 2 bln€ to distress funds

National Bank, the most historic of Greece's four systemic banks, is reportedly ready to sell-off a portfolio of "bad debt" to distress funds, which in tandem with stepped up auctions of foreclosed property and an aggressive policy of loan refinancing aims to reduce "mountain" non-performing loans (NPLs) held by the Greek lender.
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