Year: 2020

Alpha Bank announced that n the context of the implementation of its Strategic Plan,  has completed today the carve-out process of the Bank’s NPE management activity to Cepal Hellas.

Piraeus Bank’s goal is to attract a price that will exceed 250 million euros, contributing to the group’s pre-forecast profits an amount of 20 million euros.

National Bank of Greece management will submit a request to participate in the Hercules program in the coming weeks and will accept non-binding offers in the first quarter of 2021.

Ministry of Finance disbursed the first tranche of the mortgage loan subsidy program known as “GEFYRA”.

Alpha Bank in the context of the implementation of its Strategic Plan, announced the completion of the carve out process of the Bank’s NPE management activity to Cepal Hellas providing
management services for loan and credit receivables. .

With a unanimous decision, the MIG Board of Directors reportedly signed a Stock Purchase Agreement (SPA) with the fund CVC on Vivartia for 175 million euros. The buyer will also take on all Vivartia loans, amounting to 425 million euros.

A deal brewing between Motor Oil and Piraeus Bank seems to be causing irritation to the other creditor banks. The…