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
Commission gives go-ahead for APS to reduce NPL pile
The European Commission (EC) announced on Thursday that it approved the Greek plan, codenamed “Hercules,” for helping Greek banks remove up to 30 billion euros in non-performing loans from their books.
The Commission concluded that under the proposed Asset Protection Scheme (APS), the Greek state will be remunerated in line with market conditions for the risk that it assumes. As such, the proposal submitted by Athens does not entail any state aid.
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