At a price of 53% on its book value, Piraeus Bank reached an agreement with Davidson Kempner for the sale of a portfolio of non-performing maritime exposures (NPAs).
These are loans amounting to 400 million euros, for which Piraeus Bank will receive 212 million euros and will reduce the MEA index to 15% from 16% on 30/9/2021.
At the same time, it increases the coverage ratio of red loans on the balance sheet to about 40% from 39% previously.
The expected capital effect from the transaction is around – 20 base points on the total capital adequacy ratio of Piraeus Financial Holdings on September 30, 2021.
Taking into account the signed transactions Mayfair (announced on 20/12) and Sunrise II (27/12), the total capital adequacy ratio of the bank will be strengthened by more than 100 base points in relation to the index at the end of the third quarter of last year.
This does not include the organic capital production of the 4th quarter of 2021 and the expected impact of the Thalis transaction (separation of the activity of card acceptance services), which is expected to be completed within the 1st Quarter of 2022.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Goldman Sachs Optimistic on Greek Banks, Sees Valuation Improvement
Goldman Sachs downgrades Eurobank to "Neutral" from "Buy" due to its valuation, trading at 1x price-to-tangible book value (P/TBV).
Greek Tax Authorities Target Tax Evasion via Lifestyle Audits
Audit teams use advanced algorithms and risk analysis to conduct lifestyle audits and identify taxpayers suspected of concealing undeclared income.
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.
Make Europe Great Again in Madrid
Far-right leaders rally in Madrid to 'Make Europe Great Again
Seismologists Cautiously Optimistic as Aegean Earthquake Activity Evolves
Seismologists grow increasingly optimistic as Aegean earthquake activity shows signs of decline
Earthquakes Continue to Shake the Cyclades, Experts Monitor Declining Activity
Ongoing earthquakes rattle Greece's Cycladic islands, but experts believe activity may be slowing.
Santorini Earthquakes Might Affect Greek Tourism Revenue: NBG Report
The areas directly affected by the tremors account for approximately 4% of both the country's annual tourism revenues and the total annual turnover in the accommodation and food service sectors
![Φυσικό αέριο: Εκτόξευση της εγχώριας κατανάλωσής τον Ιανουάριο του 2025 [γραφήματα]](https://www.ot.gr/wp-content/uploads/2024/06/fysiko-aerio-90x90.jpg)
![Ηλεκτρική ενέργεια: Αυξήσεις στα τιμολόγια Μαρτίου δείχνει το ράλι του φυσικού αερίου [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/02/shutterstock_679399249-90x90.jpg)
![ΙΝΕ ΓΣΕΕ: Το 74% των εργαζομένων νιώθει σωματική εξάντληση [γραφήματα]](https://www.ot.gr/wp-content/uploads/2025/01/ergazomenos-1024x698-1-600x409.jpg)
![Επανεξέταση καταλογιστικών πράξεων της φορολογικής διοίκησης [Β’ Μέρος]](https://www.ot.gr/wp-content/uploads/2024/12/taxes-scaled-1-600x429.jpg)
![Επενδύσεις: Πόσο στηρίζουν το ελληνικό ΑΕΠ – Τι δείχνει μελέτη της Alpha Bank [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/12/ot_artificial_ependyseis-600x352.png)
