Cepal Holdings News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Cepal holdings. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Top News In Cepal Holdings Today - Breaking & Trending Today

Alpha Bank to sell 10.8 billion euro portfolio to Davidson Kempner


By Syndicated Content
Feb 22, 2021 1:56 AM
ATHENS (Reuters) - 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.
Reuters had exclusively reported that Alpha Bank had selected Davidson Kempner as its preferred bidder in November last year. ....

Vassilis Psaltis , Jason Neely , George Georgiopoulos , Davidson Kempner , Cepal Holdings , Greece Alpha Bank , Alpha Bank , Deutsche Bank , ஜேசன் நீலீ , டேவிட்சன் கெம்ப்ணேர் , சிஇபிஏஎல் ஹோல்டிங்ஸ் , கிரீஸ் ஆல்பா வங்கி , ஆல்பா வங்கி , டாய்ச் வங்கி ,