Moratis Passas has advised the Piraeus Bank Group as well as the arrangers on the Sunrise II securitization transaction, involving a retail and corporate NPE portfolio of EUR 2.7 billion gross book value.
The transaction is part of the Hellenic Asset Protection Scheme, implemented by the Greek Ministry of Finance, designed to assist banks in securitizing non-performing exposures and moving them out of their balance sheets.
The Moratis Passas team was led by Partner Vassilis Saliaris and included Associates Pelagia Klara, Maria Androulaki, and Andreas Chasiotis.