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
Banks highlight areas of concern in talks on NPL scheme
The Finance Ministry has redoubled its efforts to get over the line the Asset Protection Scheme (APS), codenamed Hercules, that is meant to help Greek systemic lenders reduce the stock of NPEs on their books by up to 30 billion euros through state guarantees on securitisations.
Finance Minister Christos Staikouras chaired a meeting on Thursday, in which his deputy minister, responsible for the financial sector Giorgos Zavvos and the CEOs of the four banks met to iron out the issues that arose during recent weeks, when Greek ba...
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