Alpha Bank wants to get rid of over €8 billion in bad loans through securitization and other operations in 2022, aiming to reduce its bad loans ratio into the single digits.
In its Cyprus subsidiary, €2.2 billion in bad loans have been transferred to special purpose vehicles.
Cyprus and Romania will remain Alpha’s sole foreign subsidiaries.
Original Story: Ekathimerini | News
Photo: Alpha Bank website
Edition: Prime Yield