WSJ: Investment fund eyes NPLs, bank asset sector in Greece

8 August 2016
944 Views

A foreign distress fund was identified this week as aiming to invest up to two billion USD in Greece’s non-performing loans (NPLs) sector.

According to a report in the WSJ, PCP Capital Partners LLP is ready participate in the recapitalization of the Greek cooperative bank Pankritia, a development that would leave it with a majority stake in the former’s share capital.

PCP, which has close ties to Arab investors, would then reportedly use the Crete-based Pankritia as a “vehicle” to purchase non-performing assets held by Greece’s systemic banks.

You may be interested

Brutal murder of British mother, 20, in front of her baby in Attica has left Greece in shock
GREECE
shares39 views
GREECE
shares39 views

Brutal murder of British mother, 20, in front of her baby in Attica has left Greece in shock

makis - May 11, 2021

Greek society is in shock, as more details are emerging of the brutal murder of a British mother, 20, in…

First TUI flights depart for Greece and Cyprus from Sweden
GREECE
shares300 views
GREECE
shares300 views

First TUI flights depart for Greece and Cyprus from Sweden

Panos - May 11, 2021

TUI‘s first flight from Sweden to Mediterranean destinations departed this morning. According to data, the Greek islands and Cyprus are…

Ambassador Pyatt at Delphi Forum: Biden wants Greek-US relations to level up
FINANCE
shares44 views
FINANCE
shares44 views

Ambassador Pyatt at Delphi Forum: Biden wants Greek-US relations to level up

Panos - May 11, 2021

The US Ambassador to Athens, Geoffrey R. Pyatt, spoke with journalist Marianna Kakaounaki in the framework of the 6th Delphi…

Leave a Comment

Your email address will not be published.