Alpha Bank Archives - NPL Confidential

What FITCH Ratings thinks of Greek Banks

19 May 2020 Editors Comments Off

Fitch Ratings affirmed the Long-Term Issuer Default Ratings (IDRs) of the 4 systemic Greek banks, namely Alpha Bank (CCC+), Eurobank (CCC+), NBG…

Blackrock invests in Alpha Bank, Moody’s warns all Greek Banks

13 May 2020 Editors Comments Off

Alpha Bank said that Blackrock’s indirect stake in the bank rose above the 5% disclosure threshold, to 5.48%, excluding the…

Green light for guarantees in Cairo project from Hercules plan

28 April 2020 Konstantinos Papagrigoris Comments Off

Despite the turmoil suffered by the economy due to the pandemic, the Finance Ministry, banks, and loan servicers have been drawing on all means, including the Hercules plan, to reduce existing non-performing loans and manage the new wave of bad debt expected.

Alpha Bank moves ahead with Galaxy project

27 April 2020 Konstantinos Papagrigoris Comments Off

Alpha Bank is working on the transaction through the transfer and securitization of loans and other credit (consumer, housing, and business) to special purpose companies (SPVs) established for this purpose.

Cost rises for state guarantees in Hercules bad loan plan

13 April 2020 Konstantinos Papagrigoris Comments Off

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.

Banks with 11.6 bln euro of capital buffer to implement NPE reduction in 2020

5 April 2020 Konstantinos Papagrigoris Comments Off

*The NPE ratio in Greece decreased by 15,2 bln euros, , to 32.2 percent in the fourth quarter of 2019.
* Banks in 2019 strengthen their capital position which is now valued at 11.6 bln euros.

S&P : Companies rated ‘B-‘ and below will likely suffer most from shut down

31 March 2020 Editors Comments Off

Companies with these ratings are most likely to lack the financial flexibility to weather a crisis hitting both their top-line revenue and financing cost.

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

31 March 2020 Christos N Konstas Comments Off

S&P Global Ratings said it revised its outlook on Alpha Bank, Eurobank, National Bank, and Piraeus Bank to stable from…

Alpha Bank: Galaxy project delayed due to coronavirus

30 March 2020 Christos Ziotis Comments Off

Alpha Bank has decided to push back dates for non-binding bids to be submitted on the Galaxy project and hold off on the signing of a binding deal for Neptune project.

Alpha Bank postpones Galaxy and Cepal Sale

24 March 2020 Christos Ziotis Comments Off

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