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alpha to sell loan portfolio of 25 bln euros business - Search

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alpha to sell loan portfolio of 2.5 bln euros | business




alpha bank is transferring debts in its portfolio from cards, consumer loans and small corporate loans delayed between five and seven years, with a total value of 2.5 billion euros.“venus” is the second biggest portfolio after eurobank’s “eclipse” to be transferred to funds. the deal is to...



attica to sell loan portfolio to a british group | business




the governing board of attica bank has accepted an offer from british financial group aldridge edc for a loan portfolio worth 1.3 billion euros.the sale, which requires ratification by the bank’s general meeting, forms part of the strategy of greece’s fifth-largest bank to cover 70 million euros...



lenders in good shape for npl reduction | business




greek banks managed to meet their targets for the reduction of nonperforming loans (npls) in the second quarter of the year, analysts note, stressing that this will continue to represent the biggest challenge for local lenders in the coming months too.the publication of the april-june results showed...



ddm holding ag brings new partner into its greek investment loan | business




swiss company ddm holding ag announced on monday it is bringing in a new partner into its greek investment nonperforming loans.the transaction will result in ddm’s investment decreasing by 15 to 35 million euros and will rebalance ddm’s portfolio, bringing the greek share of the total npl portfo...



alpha bank q1 profit grows as bad debt charges decline | business




alpha bank was profitable for a third straight quarter in january-to-march as provisions for impaired loans declined, greece's fourth-largest lender by assets said on wednesday.alpha, 11 percent owned by the country's bank rescue fund hfsf, grew net profit to 48.1 million euros ($54.05 million) from...



alpha profit tumbles in q2 while national posts net loss | business




national bank, greece’s second-biggest lender by assets, swung to losses in the second half of the year, while alpha, greece’s fourth-largest, reported sharply lower profit in april-to-june after taking a loss on the sale of its serbian subsidiary, despite lower provisions for impaired loans.nat...



greek banks plan record sale of bad loans as pressure mounts | business




three of greece’s largest lenders plan to sell up to 5.5 billion euros in bad loans by early next year, sources said, as the country’s central bank chief called on the creaking banking sector to act faster to tackle its bad-debt problem.greek banks are saddled with 103 billion euros in bad loans...



eurobank subsidiary gets permit to manage npls | business




eurobank financial planning services (fps), is the second bad-loan management firm to obtain a license from the greek authorities to operate in the local market. it follows the permit issued to cepal, a joint venture by alpha bank and aktua.the licensing of the second company has come several months...



nbg sells vojvodjanska banka to otp | business




national bank of greece announced on friday it had signed an agreement to sell its vojvodjanska banka unit in serbia and ngb leasing as well as its corporate loan portfolio in serbia to hungary’s otp bank for 125 million euros.otp said in statement that the deal includes other serbian units of nat...



pillarstone to create a vehicle for properties from banks | business




loan portfolio management firm pillarstone will be creating a company within the next few months that will gradually concentrate commercial properties worth 1 billion euros in total.pillarstone, which has been active in greece in recent months after receiving a license from the bank of greece, will ...



eurobank fps to manage 14-bln-euro portfolio | business




eurobank on monday announced that its licensed loan management subsidiary eurobank financial planning services (eurobank fps) will be managing a 14-billion-euro portfolio, consisting of small business and household debts, from the first months of its operation, “while it also aims to expand to the...



readers' corner: banking | business standard news




i am planning to take a joint home loan with my father to construct a house. the land is in my father’s name. can i still get a loan?   yes, you can get a loan with your father as the co-applicant. it’s permissible to let the son come on the loan structure even if he’s not the owner. in case ...



athex: report weighs on local stocks | business




greek stocks took a dive on thursday, led by the credit sector, after a bloomberg report suggested that banks will have to be even more aggressive in the reduction of their bad-loan backlog.the athens exchange (athex) general index closed at 746.45 points, shedding 1.46 percent from wednesday’s 75...



ppc gets initial approval for 200 mln euro loan | business




greece's power utility public power corp. secured initial approval for a 200 million euro ($210.5 million) bank loan by the country's main lenders, it said on wednesday.the banks are expected to notify ppc on the final terms for the new syndicated loan before it is signed, ppc said in a bourse filin...



design your own online photography portfolio and start selling your art!




are you a traveling photographer having trouble selling your art? do you get tired of dealing with print shops messing up your photos and finding galleries or studio space where you can display your work? if you're traveling the world and you want to sell your photos, you're often left with more hea...



greek developer lamda plans to list shopping mall business | business




lamda development said on wednesday in a stock filing that the total value for 100 percent of the shopping center the mall athens amounts to 381.2 million euros.the athens-listed blue-chip company said that taking into consideration the bank loan of 193 million euros, the liabilities and other asset...



bank stocks revert to levels last seen during share capital increase | business




alpha bank’s stock price at the closing on tuesday was 2.18 euros, against 2 euros upon recapitalization. the completion of the second bailout review has led credit sector stocks to 12-month highs. the new agreement between athens and its creditors has put banking stocks back on investors’ radar...



athens hotel rates stay competitive | business




hoteliers in athens are keeping their rates at competitive levels this month according to trivago website data that kathimerini has seen.the average online price for a double room comes to 120 euros per night this month in the greek capital, compared with 126 euros in rome, 137 euros in lisbon, 153 ...



npl growth in 2017 forces banks to forgive more of them | business




greek banks will pick up the pace of bad-loan write-offs in a bid to stay on course to meet their npl reduction targets as, according to bank sources, nonperforming loans have grown by 2 billion euros since the start of the year.the uncertainty resulting from the delays in the bailout review reverse...



eib agrees with eurobank on new loan for smes | business




the european investment bank (eib) and eurobank signed a new loan agreement on thursday amounting to 150 million euros for the funding of select investment projects by small and medium-size enterprises and mid-cap companies in greece.this credit line will allow for the funding of enterprises in agri...



banks set to increase issue of loans to more than 10 bln euros | business




banks are planning for new loan issues adding up to over 10 billion euros within the year, mainly to enterprises, provided of course that estimates for an improvement in the economic environment are confirmed.after an extended period of uncertainty, senior bank officials feel more optimistic followi...



mortgage demand grows, but banks avoid loan issues | business




among the factors that have led to a drop in property transactions in greece is the lack of any bank financing, as potential buyers are unable to get the necessary funding.in previous years demand was particularly low, but in 2016 – according to the annual report of the bank of greece – demand s...



irish sun - university college cork plans 350 million euros expansion




this is ucc’s biggest expansion plan in its history the 350 million euros expansion will lead to the creation of 500 construction jobslast year, ucc had clinched a 100 million euro loan from the european investment bankcork, ireland - after clinching a 100 million euro loan from the european inves...



iifl eyes smaller businesses to drive gold loan portfolio




gold loan companies are looking at new growth avenues as they find conventional markets stagnating. they now see untapped business potential in self-employed personnel including kirana shops and street vendors to expand their business and accelerate growth. equity broker and private lender india inf...



athens medical boosts profits in 2016 | business




tuesday april 11, 2017 business | greek editionclassifiedssubscriptionsfavoritesno favoritestwitterfacebookterm  business 10.04.2017 : 20:24 athens medical boosts profits in 2016tags:business, healthlisted athens medical center commercial sa reported turnover of 167.3 million euros in 2016 versus 1...