Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
APS option to help banks with bad loans seen gaining ground
Amid market turbulence, Greece searches for scheme to help banks reduce bad loans
Banks submit new NPL targets to SSM, with sales leading way in reduction drive
Mortgage loans a key piece of NPL reduction puzzle
Card transactions in Greece experience boost due to capital controls
Piraeus snaps up share in MIG to complete series of corporate moves
Piraeus Bank announced on May 14 its third major corporate development in the last two months, following the successful completion of a 1.75-billion- euro capital increase in late March and a senior unsecured bond issue of 500 million in mid-March.
According to the announcement, Piraeus Bank will invest in Marfin Investment Group (MIG) by covering a convertible bond amounting to 250 million euros. The bond matures at the end of July 2019 and the conversion price stands at 0.54 euros, implying a pr...
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