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Banks step up securitisation drive following pandemic interruption
EconomyBankingfor inclusion in the Hercules APS for its NPE securitisation named Galaxy, which was announced in November last year. Project Galaxy consists of three securitisations Orion, Galaxy II and Galaxy IV... for the 1.9 billion euros of Orion and the 5.7 billion euros of Galaxy II, the submission for Galaxy IV
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Eurobank first to tackle NPL reduction via APS
EconomyBankingthe bids submitted by Pimco and doValue on behalf of Fortress for 80 percent of Eurobank’s licensed... on the website euro2day.gr on Tuesday afternoon, the doValue-Fortress bid was considered a stronger bid... Fortress earlier in November. The bank had previously been in exclusive negotiations with PIMCO until
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Hercules nears end of its first cycle with National Bank's participation
EconomyBankingits Galaxy portfolio. Cairo used 2.4 billion euros of state guarantees from the APS and consisted.... Project Galaxy consists of three securitisations Orion, Galaxy II and Galaxy IV for a combined value... Bank’s Project Galaxy. Hercules II is seen running to December 2022 and will offer 12 billion euros
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Newsletter 283 -05/02/2021
portfolio, followed by Alpha Bank submitting its Galaxy portfolio. Cairo used 2.4 billion euros... and the minimum requirement for the junior notes. Project Galaxy consists of three securitisations Orion, Galaxy II and Galaxy IV for a combined value of 10.8 billion euros. Piraeus Bank followed with its
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Personal responsibility and public healthcare: Greece on a wing and a prayer
Agoraclapping from the sidelines would applaud a cardboard cut-out of the prime minister while claiming... in Italy and Spain, Greeks are being called upon to go onto their balconies each evening and applaud
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Terms & conditions
No image available“The Service”) that belongs to the company MacroPolis Ltd (hereinafter “The Company” or “Macropolis.gr... intellectual property right belongs to the area of responsibility of the third party and has nothing... “the Service”) that belongs to the company MacroPolis Ltd (hereinafter “the Company” or “Macropolis.gr
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Alpha Bank posts net profits of 97.1 mln in 2019
EconomyBankingon the progress of two large NPE portfolio sales - Project Neptune and Project Galaxy. The Project Neptune... value of approximately 1.8 billion euros. The Project Galaxy portfolio represents one of the largest... conditions had been impacted. Work was continuing on the Project Galaxy securitisation, while Project
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Greek banks look to post-pandemic landscape with ongoing bad loan reductions, moratoria easing
EconomyBankingGalaxy portfolio. Cairo used 2.4 billion euros of state guarantees from the Hercules APS.... Project Galaxy consists of three securitisations Orion, Galaxy II and Galaxy IV for a combined
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Alpha Bank reports 2.5 bln loss in 9M as it intensifies effort to clean up balance sheet
EconomyBanking), compared to profits of 134 million euros in 9M 2020, due to booking losses from its Galaxy NPE portfolio securitisation. The Galaxy transaction had an impact of 2.14 billion euros on the bank's results.... Asset quality As a result of the Project Galaxy securitization, the stock of non-performing
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Growing Greece: From narrative to reality
Agorain policies that they viewed with scepticism or repulsion in the past. If the economy does not pick up
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