Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation
Hercules nears end of its first cycle with National Bank's participation
BoG warns pandemic will leave trail of bad loans, hastening need for new tools
Banks end year with continued bad loan sales
NBG results show net profits of 602 mln euros in 9M
Alpha Bank Q3 results reflect net profits of 43.8 mln
Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
The Greek government appears to have submitted to the European Commission its final proposal for an Asset Purchase Scheme (APS), which it hopes will help local banks substantially reduce their stock of non-performing loans.
According to a report in Kathimerini newspaper on Thursday, Deputy Finance Minister Giorgos Zavvos handed the plan, dubbed the Hercules Project, over to officials in Brussels on Friday. The European Commission will now have to check the details to ensur...
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