Banks intensify balance-sheet clean up with securitisations, new bonds

EconomyBanking Tags: Alpha, Banking, NPLs, Piraeus
Photo by MacroPolis
Photo by MacroPolis

Piraeus Bank and Alpha Bank are both moving forward with actions this week to continue strengthening their balance sheets, with the former extending its ongoing partnership with Swedish loan servicer Intrum AB.

Piraeus signed a binding agreement with Intrum for the sale of 30 percent of the mezzanine notes in the Vega securitisation, the bank said in a filing. The bank would distribute 65 percent of the notes to its shareholders, while retaining the remaining ...

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