S&P revised its outlook for Greek Banks and their NPEs

The significant impact the coronavirus is believed to be having on the Greek economy has led the Single Supervisory Mechanism…

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

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