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Banks make steady progress on improving balance sheets via securitisations
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Banks moving at pace on road to recovery
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Busy Q2 for securitisations sees rise in bad loans managed by servicers
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Alpha Bank posts net loss of 2.04 bln in Q2 after booking Galaxy Project securitization
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NBG increases profits in H1 as it progresses with NPE clean up
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Piraeus Bank impairments impact H1 results as NPE clean-up accelerates
Banks try to build on growing confidence
With the programme exit now just around the corner and as credit rating agencies and investors start to view Greece’s banks through a more positive lens, the country’s lenders are taking steps to make the most of the current sentiment.
It was recently reported by Naftemporiki newspaper that the country’s systemic banks were working on covered bonds worth around 4 billion to be upgraded to investment grade status. Sources said that at least two banks were in advanced talks with credit ...
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