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
Athens looks to overcome APS snags as it awaits green light from Brussels
Finance Minister Christos Staikouras was due to meet the CEOs of Greece’s four systemic banks on Thursday as the government appears to be stepping up its efforts to secure approval for the Asset Protection Scheme (APS) aimed at reducing the giant pile of NPLs on their balance sheets.
The meeting comes a day after Prime Minister Kyriakos Mitsotakis and some of his top ministers and aides held talks with outgoing European Central Bank president Mario Draghi in Athens. Draghi was in the Greek capital to be awarded by the Academy of Ath...
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