Alpha Bank on Tuesday unveiled one of the biggest securitization plans of non-performing exposures (NPEs) in the European market as part of a strategic plan towards a faster restructuring of its balance sheet, ANA reports.
The transaction, worth 12 billion euros, will lead to a 73 pct reduction of non-performing loans (NPLs) in Greece and push the NPE and NPL ratios to 20 pct and 10 pct, respectively, from 44 pct and 28 pct currently. The strategic plan envisages an efficient use of capital to deal with NPEs, with the CET1 capital ratio of more than 15 pct and a capital adequacy ratio of more than 17 pct in 2022. The transaction will not lead to dilution.
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