Banks discover stress test assumptions, results due in July
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Piraeus reports 729 mln profit as cost of balance sheet clean-up drops by 3.5 bln
NBG reports 652 mln profit in 9M, core PPI up 14 pct
Business transformation paying off as Eurobank records 932.3 mln profit in 9M
Alpha Bank profits of 92.7 mln in Q3 raise 9M income to 335.4 mln
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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