Seven funds express interest in managing Attica Bank’s mostly businesses’ non-performing loans

Seven funds expressed interest in managing Attica Bank’s mostly businesses’ non-performing loans (NPLs), which amount to about one billion euros, according to sources on Tuesday.

The same sources said the funds will also invest about 70 million euros to fully cover the bank’s capital needs, which emerged following last year’s stress tests. In the following days the offers made by the funds will be assessed in order to come up with a preferred investor by the end of November.