Piraeus Bank hires advisors on Vega, Phoenix projects

Piraeus proceeds with a 7 billion euros securitization project.
Ssecuritizations are on track to be included in Greece’s Hercules Asset Protection Scheme.

Piraeus Bank chief executive Christos Megalou has given the order to top officials to speed up procedures concerning two securitizations that had been planned ahead of the pandemic (project Phoenix and project Vega), according to sources.

UPDATED Piraeus Bank is ready  to kick-off 2 billion euros  mortgage NPE securitisation,  (project “Phoenix”) in March. Pursuant to earlier…