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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBanking. As the loans will be transferred at their net book value, losses are not expected to be registered...-performing residential mortgage loans. The portfolio carries a gross book value of 2 billion euros and has...-performing loans. The total portfolio carries a gross book value of 7.4 billion euros and has been
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Alpha seals bad loans sale deal, lenders brace for NPE management in Covid-19 era
EconomyBankinggross book value of around 1.1 billion. “The aggregate consideration for the Neptune Portfolio amounts to 24 percent approximately of the total on-balance sheet gross book value, and can be increased up to 30 percent of the total on-balance sheet gross book value through a contingent consideration
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Alpha Bank profits at 41 mln in Q3, reach 53.3 mln in 9M
EconomyBankingassets, was set at 337.1 million euros or about 33.6 percent of gross book value. The deal also includes the disposal of repossessed assets of an on-balance sheet gross book value of 56 million euros... noted that their tangible book value stood at 7.8 billion euros, which remains the highest among
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Eurobank’s NPL sales take major step with two transactions
EconomyBankingresidential mortgage loans. The portfolio carries a gross book value of 2 billion euros and has been code... of the total gross book value of the portfolio. Subject to approval by the relevant bodies.... The total portfolio carries a gross book value of 7.4 billion euros and has been code named Project
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Banks end year with continued bad loan sales
EconomyBankingof the mezzanine notes of the Phoenix securitisation, with a total gross book value of 1.92 billion euros... of the total gross book value of the portfolio. Pro-forma for the transaction, Piraeus Bank’s NPE ratio...-risk corporate NPE portfolio code-named Project Danube, with a total gross book value of 174 million
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Banks intensify balance-sheet clean up with securitisations, new bonds
EconomyBankingto the statement. The Vega portfolio comprises three special purpose vehicles with a combined gross book value..., is about 31 percent of the gross book value, Piraeus said in the statement. Pro-forma for both... with a new project, named Sunrise, which will have a gross book value of 7.2 billion euros, to be included
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Newsletter 279 - 05/03/2021
vehicles with a combined gross book value of about 4.9 billion euros of predominantly denounced loans... and the sale price of the mezzanine notes, is about 31 percent of the gross book value, Piraeus said... the Vega and Phoenix securitisations with a new project, named Sunrise, which will have a gross book
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Newsletter 314 - 29/10/2021
securitisation for a 3.4-billion-euro gross book value portfolio of NPEs. The portfolio consists of 60,000 loans...) with the latest issue coming from Piraeus Bank. Piraeus announced on Wednesday that it completed the book... maturity. The book building process received significant interest from more than 70 investors, attracting
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Banks wrap up balance sheet transactions for 2021 on path to slashing NPEs
EconomyBankingfor Frontier a week earlier, on October 15. Cosmos has a gross book value of 3.4 billion euros, while... billion euros gross book value, and the sale of Sky portfolio of Cypriot NPEs worth 2.2 billion euros... pct. Mexico has a 3.2 billion gross book value portfolio, and the servicing contract was handed
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Athens buoyed by EU, US support over maritime spat with Turkey
PoliticsForeign Policyon the Turkey–Libya maritime border deal. A common statement adopted by the EU leaders during... on Thursday decided to appoint a special envoy to Libya. This will be Ambassador Christodoulos Lazaris. His mission will be to maintain contact with all sides in Libya in order to closely monitor developments
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