Χωρίς κατηγορία

After the completion of the 6 billion euro Frontier project by the National Bank (NBG), the next big deal that is expected in the Greek secondary NPL market is the Ariadne sale which is deemed as the new “gem of the crown”.

The price reportedly amounting to some 160 million euros, which corresponds to just more than 35% of the nominal value of mezzanine notes.

As we enter the final stage, the bidder for the mega 6-billion-euro deal of National Bank (project Frontier) will emerge, 

Alpha Bank and Piraeus Bank, have planned direct sales of NPLs of 2.8 billion euros. In the first half of 2022 sales of an additional 2.9 billion euros are expected to follow.

The decrease in NPEs will reduce the bank’s cost of risk to around 60 basis points by the end of 2024 from an underlying and normalized 200 basis points in 2020, supporting its bottom-line profitability.