Piraeus eyes major NPE deal as banks remain focused on bad loans
Alpha Bank and Eurobank start new year with further bad loan sales
Piraeus Bank posts net profit of 94 mln in Q3 and 40 mln in 9M
NBG net profits decline to 8 mln in Q3, NPLs continue to fall
Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
BoG highlights areas of concern in underlying NPE data
NBG boosts capital base by selling total stake in Finansbank
National Bank of Greece (NBG) announced early on Tuesday that it has entered into a definitive agreement with Qatar National Bank (QNB) for the sale of a 99.8 percent stake in its Turkish arm Finansbank for a total consideration of 2.75 billion euros.
In addition, the group’s net loans are set to decrease by 17.5 billion euros to 46.3 billion after the transaction, while deposits are also set to be reduced by 13.9 billion to 41.9 billion. As a result, NBG would remain the largest Greek banking group ...
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