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  1. Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets

    EconomyBanking

    billion euros. The four bidders were named as Apollo Global, Centerbridge, Fortress and Lone Star. Along

    21%
  2. Banks focus on reducing NPLs linked to property
    Photo by MacroPolis

    EconomyMacroeconomy

    the 2-billion-euro portfolio: PIMCO, LoneStar, B2Kapital, Fortress in cooperation with doBank

    19%
  3. Eurobank net profits at 56.3 mln in Q3 from continued operations
    Image via www.eurobank.gr

    EconomyBanking

    , it was reported that bids had been submitted by Pimco and doValue on behalf of Fortress for 80 percent of Eurobank

    18%
  4. Athens wary as exploratory talks with Turkey approach
    Photo via https://flic.kr/p/2jQRsMX

    PoliticsForeign Policy

    . Otherwise, we need to proceed with the logic of Europe as a fortress. This would not be pleasant

    17%
  5. Banks make steady progress on improving balance sheets via securitisations

    EconomyBanking

    with a consortium of Fortress, Bain Capital and doValue at the end of July. Frontier does not include

    17%
  6. Migrant boat tragedy forces temporary halt on election campaigning
    Photo by MacroPolis

    PoliticsGreek Politics

    of migrants, while MeRA25 leader Yanis Varoufakis blamed the “fortress Europe” policy for the deaths

    17%
  7. Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
    Photo by MacroPolis

    EconomyBanking

    is preparing an 11-billion-euro securitisation code-named Galaxy, related to retail and small

    14%
  8. Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
    Photo by MacroPolis

    EconomyBanking

    Alpha Bank announced that it has started the process to execute one of the largest bad loan securitisations by a Greek bank. The portfolio, code-named Galaxy, contains non-perfoming loans (NPLs) of up to 12 billion euros in value. The securitisation is the largest to date in Greece and in Europe

    14%
  9. Newsletter 238 -07/02/2020

    Newsletters

    is also in the works. The banks Galaxy portfolio represents a mixed portfolio, which carries a total

    14%
  10. Hercules NPL reduction scheme receives first application from Eurobank
    Photo by MacroPolis

    EconomyBanking

    securitisations by a Greek bank. The portfolio, code-named Galaxy, contains non-perfoming loans (NPLs

    14%