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Alpha Bank SA (ACBr.AT)

ACBr.AT on Athens Stock Exchange

0.54EUR
6 Aug 2020
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Wed, Jul 1 2020

Alpha Bank seals deal to sell bad debt portfolio

ATHENS Alpha Bank , Greece's fourth-largest lender, has agreed to sell a portfolio of bad loans worth 1.1 billion euros to Poseidon Financial Investor DAC, an entity financed by funds managed by U.S. investment manager Fortress Group affiliates, it said on Wednesday.

UPDATE 1-Alpha Bank seals deal to sell bad debt portfolio

ATHENS, July 1 Alpha Bank, Greece's fourth-largest lender, has agreed to sell a portfolio of bad loans worth 1.1 billion euros to Poseidon Financial Investor DAC, an entity financed by funds managed by U.S. investment manager Fortress Group affiliates, it said on Wednesday.

Alpha Bank seals deal to sell bad debt portfolio

ATHENS, July 1 Alpha Bank, Greece's fourth-largest lender, has agreed to sell a portfolio of bad loans worth 1.1 billion euros to Poseidon Financial Investor DAC, an entity financed by funds managed by U.S. investment manager Fortress Group affiliates, it said on Wednesday.

Alpha Bank to take full ownership of loan services company Cepal

ATHENS, June 30 Greece's Alpha Bank said on Tuesday it will acquire full ownership of loan servicing company Cepal as part of plans to speed up offloading 10 billion euros ($11.2 billion) of bad debt to clean up its balance sheet.

Alpha Bank nears deal to sell bad debt portfolio to Fortress: sources

ATHENS/LONDON Alpha Bank , Greece's fourth-largest lender, is close to finalising a deal to sell a portfolio of bad loans worth more than 1 billion euros to U.S. investment manager Fortress Group, three sources familiar with the matter told Reuters.

Alpha Bank nears deal to sell bad debt portfolio to Fortress- sources

ATHENS/LONDON, June 25 Alpha Bank, Greece's fourth-largest lender, is close to finalising a deal to sell a portfolio of bad loans worth more than 1 billion euros to U.S. investment manager Fortress Group, three sources familiar with the matter told Reuters.

RPT-Alpha Bank in talks with Cerberus, PIMCO to sell $11 bln of bad loans - sources

LONDON/ATHENS, June 16 Greece's Alpha Bank is in talks with at least five U.S. investment firms including Cerberus and PIMCO in a fresh attempt to offload a portfolio of bad debt worth more than 10 billion euros ($11.3 billion), two sources told Reuters.

Alpha Bank in talks with Cerberus, PIMCO to sell $11 billion of bad loans: sources

LONDON/ATHENS Greece's Alpha Bank is in talks with at least five U.S. investment firms including Cerberus and PIMCO in a fresh attempt to offload a portfolio of bad debt worth more than 10 billion euros ($11.3 billion), two sources told Reuters.

Alpha Bank in talks with Cerberus, PIMCO to sell $11 bln of bad loans - sources

LONDON/ATHENS, June 16 Greece's Alpha Bank is in talks with at least five U.S. investment firms including Cerberus and PIMCO in a fresh attempt to offload a portfolio of bad debt worth more than 10 billion euros ($11.3 billion), two sources told Reuters.

UPDATE 1-Greek banks NBG, Alpha up provisions to cover coronavirus loan impact

ATHENS, May 28 National Bank (NBG) and Alpha, two of Greece's largest lenders, increased provisions to cover anticipated loan impairments from the coronavirus crisis as they kicked off the first quarter earnings season for the sector on Thursday.

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