Browsing Tag

Non-Performing Loans (NPLs)

Alpha Bank sells NPLs worth 1.05 billion euros

Alpha Bank on Thursday announced that it has entered into a binding agreement with a consortium comprised of funds managed by affiliates of Apollo Global Management, LLC, and IFC (International Finance Corporation), a member of the World…

Bank of Greece presents plan to reduce NPLs by up to 47 pct

Τhe Bank of Greece on Thursday presented a plan to reduce Greek banks’ non-performing loans by up to 47 pct. The plan envisages the transfer of deferred tax worth 7.5 billion euros to a special purpose vehicle (SPV) and of NPLs worth 40…