Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
Q3 sees loans managed by servicers rise by 10.8 pct QoQ to reach 20.11 bln
APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
BoG runs numbers to show how tackling NPE stock will benefit banks' bottom line
BoG urges banks to improve quality of capital, re-doubles SPV efforts
Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
Alpha, Eurobank sign agreement with KKR for management of NPLs
In a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected Greek corporates into a platform managed by Pillarstone.
The non-performing loan (NPL) portfolio will reportedly amount to 1.2 billion euros and will equally stem from the two Greek banks.
If you are already registered, please sign in.
Read some of our analysis for no charge
By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.
Our analysis and data at your fingertips
Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.€480.00
A tailor-made service for professionals
Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.