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Athens submits APS plan aiming to remove up to 30 bln of NPLs from bank balance sheets
EconomyBankingestate assets with total on-balance sheet gross book value of approximately 1.8 billion euros, code... with residential real estate assets with total on-balance sheet gross book value of 1.9 billion euros, code named... NPL portfolios before the end of the year which have a combined gross book value of 1.8 billion euros
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBanking. This securitisation includes around 36,000 non-performing mortgages with a value of 2.1 billion euros... in the first half of next year. Another two NPL securitisations are in the works with a value of 1... will allocate half a million in securitisations to two management companies, for a total value of 600 million
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Alpha Bank posts net profits of 4.7 mln in Q3
EconomyBankingof NPEs and Real Estate Owned (REO) assets in Cyprus with a Gross Book Value of approximately 3.2... of Greek SMEs secured with real estate assets with total on-balance sheet gross book value... of the investment securities portfolio measured at fair value through other comprehensive income (FVOCI
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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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Trade deficit falls by 24 pct in Sept despite slight uptick in exports to EU
EconomyMacroeconomydropped by 23 percent during the month. When stripping out the impact of oil products and the value of ships, imports rose by 1.7 percent, while exports fell by 6.8 percent. Excluding the value of oil...-EU countries fell by 22.5 percent. Stripping out the impact of oil products and the value of ships
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Trade deficit falls by 30 pct in October as imports and exports remain slow
EconomyMacroeconomyby 8 percent during the month. When stripping out the impact of oil products and the value of ships, imports fell by 7.5 percent, while exports rose by 3.4 percent. Excluding the value of oil products... countries fell by 21.1 percent. Stripping out the impact of oil products and the value of ships
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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... on the nominal value of the senior notes and the sale price of the mezzanine notes corresponds to 50 percent of the total gross book value of the portfolio. Pro-forma for the transaction, Piraeus Bank’s NPE ratio
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Trade deficit falls by 18 pct in November
EconomyMacroeconomyby 10.9 percent during the month. When stripping out the impact of oil products and the value of ships, imports fell by 1.8 percent, while exports rose by 4.7 percent. Excluding the value of oil...-EU countries fell by 20.2 percent. Stripping out the impact of oil products and the value of ships
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Piraeus completes Sunrise II securitisation as banks stay focused on NPE reduction
EconomyBankingwith a gross book value of 2.7 billion euros as of the end of last year. The implied valuation of the transaction comes to 47.4 pct of the portfolio book value. Piraeus Bank will hold 5 pct of the mezzanine... a 7.2-billion-euro gross book value, leading towards the goal of Piraeus to reduce its NPEs by 19
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Piraeus seals 400 mln NPE sale as banks gear up for more balance sheet transactions in 2022
EconomyBankingfor the sale of a shipping NPE portfolio with a gross book value of 400 million euros. The bank noted that the agreement will be 53 pct of the portfolio’s gross book value. The transaction will drop... value. NBG signed off last year with the completion of Frontier of a 6 billion euros book value, which
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