Piraeus Bank, one of Greece’s largest national banks with an estimated 30% market share domestically, had 32.2bn in non-performing exposures (NPE) at the end of Q1 2018. As part of the non-performing portfolio sale, Bain Capital will inherit potential legal claims attached to the pool, equivalent to 1.95bn. No further pricing was given but expectations are for heavy discounts on the 1.45bn gross valued portfolio. Piraeus will retain no control, risks or reward associated with the portfolio once the sale completes.