Alpha Bank NPEs unchanged in H1

The crisis in the economy is expected to bring significant changes to the structure and operation of the Hercules plan, with the most characteristic being the increase in the cost of guarantees compared to what had been originally set.

Alpha Bank is going to postopone the  deadline for non-binding bids in project Galaxy  and the Cepal Sale. 
Pimco, Lone Star, Bain, Elliott, Cerberus and Varde will reportedly participate in the process,
Completion of project Galaxy will reduce Alpha’s domestic NPE stock to EUR3.5bn by 2022 

Attica Bank’s plan to reduce its troubled portfolio is in full swing, with management booking additional provisions amounting to €300…