Previous Close | 1.3000 |
Open | 1.3000 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's Range | 1.3000 - 1.3000 |
52 Week Range | 0.5240 - 1.3000 |
Volume | 100 |
Avg. Volume | 16,832 |
Market Cap | 2.093B |
Beta (5Y Monthly) | 2.15 |
PE Ratio (TTM) | 16.25 |
EPS (TTM) | 0.0800 |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Greece's Alpha Bank will sell a 10.8 billion euro ($13.09 billion) portfolio of impaired loans and 80% of loan services provider Cepal Holdings to U.S. fund Davidson Kempner under a definitive agreement it announced on Monday. The sale of the portfolio, known as Galaxy, will be the second-largest rated securitisation of non-performing exposures (NPEs) in Europe after Monte dei Paschi's Sienna project, it said. The deal is expected to reduce Alpha Bank's NPE and NPL ratios in Greece to 24% and 13% respectively from 43% and 29% in September 2020.
Greece's Alpha Bankwill sell a 10.8 billion euro ($13.09 billion) portfolio ofimpaired loans and 80% of loan services provider Cepal Holdingsto U.S. fund Davidson Kempner under a definitive agreement itannounced on Monday. The sale of the portfolio, known as Galaxy, will be thesecond-largest rated securitisation of non-performing exposures(NPEs) in Europe after Monte dei Paschi's Sienna project, itsaid. The deal is expected to reduce Alpha Bank's NPE and NPLratios in Greece to 24% and 13% respectively from 43% and 29% inSeptember 2020.
Greece's Alpha Bank said on Monday that it picked U.S. investment fund Davidson Kempner as its preferred bidder to buy a 10.8 billion euros ($12.81 billion) portfolio of non-performing loans in what will be Greece's largest-ever sale of bad debt. The sale also includes the disposal of Alpha's bad loan servicing unit, Cepal. Davidson Kempner has valued the assets at about 290 million euros, a source told Reuters on Friday.