KKR to manage €1.2bn Greek NPLs

Alpha Bank and Eurobank have assigned the management of a number of under-performing assets to KKR’s Pillarstone credit vehicle.

Two of Greece’s largest investment banks, Alpha Bank and Eurobank, have assigned the management of a number of under-performing assets to KKR’s credit platform Pillarstone.

The European Bank for Reconstruction and Development (EBRD) is considering investing in the platform and is expecting approval from its board on 6 July.