Banks intensify balance-sheet clean up with securitisations, new bonds
Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation
BoG warns pandemic will leave trail of bad loans, hastening need for new tools
Banks end year with continued bad loan sales
NBG results show net profits of 602 mln euros in 9M
Alpha Bank Q3 results reflect net profits of 43.8 mln
Hercules nears end of its first cycle with National Bank's participation
The government’s Hercules Asset Protection Scheme (APS) for reducing bad loans on the books of the country’s major banks now includes all four systemic lenders following National Bank of Greece’s application to participate in the plan.
NBG formally applied to participate in the Hercules guarantee late last week – for a 6.1-billion-euro securitisation of the Frontier portfolio. The senior tranches that will be covered by the guarantee amount to 3.31 billion euros. Both the transaction ...
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