Eurobank to merge with Grivalia Properties and create SPV to cut bad loans

EconomyBanking Tags: Banking, Eurobank, NPLs, Property
Photo by MacroPolis
Photo by MacroPolis
One of Greece’s four systemic banks, Eurobank, has announced shortly after releasing its third-quarter results that the bank is forming its own special purpose vehicle (SPV) for handling its pile of bad loans.

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