Banks step up securitisation drive following pandemic interruption

EconomyBanking Tags: Banking, BoG, NPLs

Having experienced a setback earlier in the year, when the pandemic broke out and led to reconfiguration of the plans on securitisations, Greek systemic banks are accelerating their efforts to catch up for lost time in restoring the health of their balance sheets.

Eurobank was at the most advanced stage compared to its peers in the so-called Cairo project and by the beginning of June completed the overall transaction that included the sale of an 80 pct stake in its loan management arm Eurobank Financial Planning ...

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