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Eurobank’s NPL sales take major step with two transactions
EconomyBankingEurobank announced on Thursday that it had entered into a binding agreement with PIMCO’s Celidoria SARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non-performing residential mortgage loans. The portfolio carries a gross book value of 2 billion euros and has been code
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Banks enter final quarter with high hopes for bad loan reduction while challenges remain
EconomyBankingby the bank. Binding offers for the portfolio are expected before December 16. Alpha Bank also reported last
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Eurobank net profits at 56.3 mln in Q3 from continued operations
EconomyBanking. Binding offers have been received for Project Cairo (6.8 billion euros) and the sale of a majority
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Where is the EastMed pipeline heading?
Agorathe binding agent? More than 10 years after the beginning of the Greek-Israeli rapprochement
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Alpha Bank launches major securitisation as banks ready portfolios for Hercules scheme
EconomyBankingis expected to be around 2 billion euros. The process allows potential investors to submit non-binding bids
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ND under attack from all sides over handling of football wrangle
PoliticsGreek Politics, Xanthi. It issued a non-binding opinion, which would have to be rubber stamped by judicial
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Eurobank submits final Cairo portfolio to Hercules while BoG mulls bad bank creation
EconomyBankingfor the second quarter of the year as well. All three portfolios have received binding offers
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Piraeus Bank posts pre-tax losses of 215 mln in H1
EconomyBankingnoted that a binding offer had been received for the sale of the 600 million euro portfolio code
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EU migration pact meets with lukewarm reception in Athens
PoliticsGreek Politicsare not binding enough to bring relief to countries of first reception. There are, however, elements
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Banks end year with continued bad loan sales
EconomyBankingAt the end of a challenging year for the banking sector, Greece’s systemic banks have continued their activity to reduce bad loans with a few days of 2020 left. Piraeus Bank announced at the end of December that the bank and Intrum had signed a binding agreement for the sale of 30 percent
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