Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
Eurobank net profits at 56.8 mln in Q1
Alpha Bank posts net loss of 10.9 mln in Q1
NBG results show net profits of 409 mln euros on strong trading income in Q1
Exposure to tourism sector a concern for banks despite effort to save season
BoG governor renews calls for launch of bad bank and ESM use
Last week, Eurobank submitted the final arm of its securitisation, Cairo III, to the Hercules scheme.
Other banks had been planning to submit portfolios to Hercules when it was launched, but those plans now look likely to be put on hold due to the coronavirus. So far, Eurobank remains the sole Greek systemic bank to have taken up the scheme.
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