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Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln
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Eurobank's NII climbs by 55.3 pct to 1.6 bln in 9M
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NBG's NII rises by 73 pct to 1.64 bln in 9M
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Piraeus Bank posts 721 mln profit in 9M, NII up to 1.47 bln
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Alpha Bank NII jumps by 46 pct YoY in 9M, reaching 1.34 bln
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Alpha-UniCredit deal marks step change in developments for banking sector
Alpha, Eurobank sign agreement with KKR for management of NPLs
In a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected Greek corporates into a platform managed by Pillarstone.
The non-performing loan (NPL) portfolio will reportedly amount to 1.2 billion euros and will equally stem from the two Greek banks.
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