Piraeus Bank reaps reward of 2021 balance sheet clean-up as net profit reaches 520 mln in Q1
Loans managed by servicers rise by 7.54 bln in Q4 2021, nearing 80 bln
NBG reports profits of 833 mln in 2021
Piraeus books losses of 3 bln as NPEs drop by nearly 17 bln
Alpha books net loss of 2.91 bln in 2021 as balance sheet clean-up intensifies
Eurobank's 2021 adjusted net profit at 424.3 mln, NPE ratio drops to 6.8 pct
Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
Piraeus Bank announced on Monday that it entered into definitive agreement with Intrum and Serengeti Asset Management for the sale of 49 pct of the mezzanine and 2 pct of the junior notes of the Sunrise II securitisation.
The portfolio consists of roughly 47,000 retail and corporate loans with a gross book value of 2.7 billion euros as of the end of last year.
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