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Alpha Bank posts net profits of 35.5 mln in Q3, NPEs continue to decline
EconomyBankingto CEPAL, the first NPL servicer licensed in Greece, while another 2.5 billion are due to be assigned
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Banks try to build on growing confidence
EconomyBankingindividual restructuring solutions. The Italian bank is an independent credit servicer listed on the Milan
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Commission gives go-ahead for APS to reduce NPL pile
EconomyBankingto the state increases the chances of the recovery on the bad loans by the external servicer. The Commissioner
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Piraeus Bank posts net profit of 44 mln in Q3 from continued operations
EconomyBankingfrom NPE sales. Furthermore, the NPE servicer transaction concluded in October 2019, will further
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APS bill tabled, allowing use of 12 bln in state guarantees to reduce NPLs
EconomyBanking-‘ and the management of the securitisation has passed on to the servicer, who is independent
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Piraeus Bank posts net loss of 232 mln in Q1 due to Covid-19 impact
EconomyBankingmanagement fee paid to the NPE servicer. Excluding the fee, operating expenses are down 16 percent QoQ
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Piraeus Bank posts pre-tax losses of 133 mln in 9M
EconomyBankingto 234 million (-1 percent YoY) including the asset management fee paid to the NPE servicer
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Alpha Bank enters agreement with Davidson Kempner for 10.8 bln Galaxy securitisation
EconomyBankingand wholesale NPEs in Greece of 8.9 billion euros, as well as future bad loans. The servicer will also
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Banks intensify balance-sheet clean up with securitisations, new bonds
EconomyBankingPiraeus Bank and Alpha Bank are both moving forward with actions this week to continue strengthening their balance sheets, with the former extending its ongoing partnership with Swedish loan servicer Intrum AB. Piraeus signed a binding agreement with Intrum for the sale of 30 percent
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Newsletter 279 - 05/03/2021
ongoing partnership with Swedish loan servicer Intrum AB. Piraeus signed a binding agreement with Intrum
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