BoG sees ample capital space for banks to sell bad loans
Clearer picture emerging ahead of stress tests, banks appear confident
Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
Piraeus Bank posts net loss of 19 mln euros in Q3, NPEs continue to fall
NBG reports net loss of 35 million in Q3, NPEs fall for sixth quarter
Eurobank net profit at 61.2 mln in Q3, NPE formation negative for fourth straight quarter
Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
Eurobank became on Thursday the third Greek bank to announce a Liability Management Exercise (LME) involving a voluntary exchange offer for a total nominal value of 877 million euros in outstanding bank bonds.
According to Reuters, total capital needs are seen at around 14 billion, while the amount that has to be raised from capital increases is seen close to 4.5 billion.
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