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Piraeus Bank’s business plan for a more aggressive reduction of NPEs

The bank will implement in 2021 a more aggressive plan to reduce non-performing loans as it will proceed with a new reduction of NPEs, through securitizations, amounting to 5-6 billion euros in addition to the two securitizations totaling 7 billion euros (2 billion euro package Phoenix and the 5 billion euro Vega package) which are being launched and will be completed in the first months of 2021.

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Ιs Dogus Hellas shutting shop?

What does the accumulation of losses signify for the presence of the group in the Greek market? In total, together with the losses that the Ferit Sahenk Group will show this year, losses reach 7.3 billion euros.