Alpha Bank transfers NPL portfolio worth 3.7bln€ to distress fund

26 March 2018
827 Views

Greek systemic lender Alpha Bank on Friday completed the transfer of a portfolio containing non-performing loans (NPLs) – mostly consumer borrowing without collateral – worth 3.7 billion euros, to Ultimo Portfolio Investment (Luxembourg) S.A.

The latter is part of the investment group B2Holding.

Institutional creditors, especially the ECB, as well as the Bank of Greece (BoG) have pressed Greek authorities and thrice recapitalized systemic banks to reduce a “mountain” of debt entailed in NPLs and non-performing exposures (NPEs).

You may be interested

Mitsotakis at the UN: I extended a hand of friendship to Erdogan and he responded with provocations & aggression (video)
GREECE
shares40 views
GREECE
shares40 views

Mitsotakis at the UN: I extended a hand of friendship to Erdogan and he responded with provocations & aggression (video)

makis - Sep 25, 2020

The Greek Prime Minister Kyriakos Mitsotakis addressed a speech at the 75th Session of the UN General Assembly where he…

Independent: Turkey is the biggest threat to Europe today, and the Greeks need our help
GREECE
shares35 views
GREECE
shares35 views

Independent: Turkey is the biggest threat to Europe today, and the Greeks need our help

Panos - Sep 25, 2020

Later this week, EU leaders will meet to discuss their recovery plan. They will spend a few minutes on Brexit.…

Macron to Turkey: First respect, then dialogue
GREECE
shares34 views
GREECE
shares34 views

Macron to Turkey: First respect, then dialogue

Panos - Sep 25, 2020

The French President speaking at the UN General Assembly sent a strong message to Turkey and calling on it to…

Leave a Comment

Your email address will not be published.