Banks make steady progress on improving balance sheets via securitisations
Banks moving at pace on road to recovery
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
Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
Eurobank makes 877 mln bond exchange offer to cover part of its capital shortfall
Eurobank became on Thursday the third Greek bank to announce a Liability Management Exercise (LME) involving a voluntary exchange offer for a total nominal value of 877 million euros in outstanding bank bonds.
According to Reuters, total capital needs are seen at around 14 billion, while the amount that has to be raised from capital increases is seen close to 4.5 billion.
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