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Banks intensify balance-sheet clean up with securitisations, new bonds
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Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation
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Hercules nears end of its first cycle with National Bank's participation
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Banks end year with continued bad loan sales
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NBG results show net profits of 602 mln euros in 9M
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Alpha Bank Q3 results reflect net profits of 43.8 mln
BoG warns pandemic will leave trail of bad loans, hastening need for new tools
In its regular release cycle of the financial stability report on Thursday, Bank of Greece (BoG) stepped up its warnings regarding the pandemic’s impact on the Greek banking system.
Greece’s central bank notes that, according to its baseline scenario, the economy will shrink by 10 pct in 2020, before resuming a growth path of 4.2 pct this year and 4.8 pct in 2022. This is broadly in line with the Finance Ministry’s estimate of 4.8 ...
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