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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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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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NBG results show net profits of 18 mln in Q4 and 484 mln in 2019
EconomyBankingas well. All three portfolios have received binding offers. P&L Net interest income (ΝΙΙ) fell by 4
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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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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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Somewhere in the middle: Kosovo's delicate relations with the European Union
Agorathe nexus between a legally binding agreement between Kosovo and Serbia and the accession of both
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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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Loans under credit servicing firms jumps by 19 pct QoQ to 38.9 bln
EconomyBankinga binding agreement between Piraeus Bank and Intrum concerning the 1.92 billion-euro Phoenix portfolio.
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