— A dynamic team of motivated business lawyers with extensive experience and high level education.

Saplegal advises Piraeus Bank on the completion of Project Solar 2

We are pleased to have advised Piraeus Bank S.A. on the completion of Project Solar 2, involving the transfer of a portfolio of non-performing corporate exposures through securitization.

The Portfolio, with a total gross book value of approximately €300 million as of 31 December 2024, consisted of corporate loans, including bond loans and other receivables, and was part of the broader “Project Solar” joint initiative of Greece’s four systemic banks to manage non-performing corporate claims.

Warm congratulations to our team led by our partner Mantha Varela and supported by our associates Lila Papadaki and Elisavet Gounari.