Busy Q2 for securitisations sees rise in bad loans managed by servicers
Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
NBG increases profits in H1 as it progresses with NPE clean up
ECB clears banks after stress tests, approves change to DTCs as momentum builds
Alpha Bank buoyed by 800-mln-euro share capital raise
Piraeus and Alpha forge ahead with share capital raises and securitisations
Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
Piraeus Bank posted a loss of 2.45 billion euros in the first half (H1) of 2021 due to impairments related to Covid and the NPE clean-up from loan securitisations.
The Q2 2021 pre-tax losses were 1.98 billion euros, after a loss of 358 million in Q1, mostly coming from 2.21 billion euros of clean up impairments, against 829 million of impairments in Q1.
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