Securitization of portfolios of non-performing loans/credits

Attica Bank S.A. informs investors that, pursuant to the resolution of the Board of Directors meeting of 30th November 2020, the Bank proceeded on Friday, 18th December 2020, to the securitization and transfer of two portfolios of non-performing loans.

In particular, the Bank pursuant to Law 3156/2003:

i) Transferred a portfolio of non-performing corporate loans/credits of a total amount of approx. €340.8 million to a special purpose vehicle (SPV) under the name “Astir NPL Finance 2020-1 Designated Activity Company» based in Ireland. Furthermore, the SPV issued and transferred to the Bank a Class A bond of nominal value of €159,000,000 (Senior Note), a Class B bond of nominal value €1,806,000 million (Mezzanine Note) and a Class C bond (Junior Note) of nominal value of €180,000,000. The bonds derive from the securitization of the above loan portfolio, in accordance with the provisions of Law 3156/2003, and are secured by a legal pledge on the transferred loans/credits.

ii) Transferred a portfolio of non-performing retail loans/credits of a total amount of approx. €371.2 million to a special purpose vehicle (SPV) under the name “Astir NPL Finance 2020-2 Designated Activity Company» based in Ireland. Furthermore, the SPV issued and transferred to the Bank a Class A bond of nominal value of €190,000,000 (Senior Note), a Class B bond of nominal value €104,921,000 million (Mezzanine Note) and a Class C bond (Junior Note) of nominal value of €76,372,000. The bonds derive from the securitization of the above loan portfolio, in accordance with the provisions of Law 3156/2003, and are secured by a legal pledge on the transferred loans/credits.

iii) The management of the above-mentioned portfolio has been assigned – with the relevant contracts with the SPVs- the company "QQUANT MASTER SERVICER" LOANS AND CREDITS MANAGEMENT LIABILITY COMPANY.