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Alpha Services and Holdings S.A. (0RCS.IL)

IOB - IOB Delayed price. Currency in EUR
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0.52680.0000 (0.00%)
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  • Reuters

    Alpha Bank agrees sale of bad loan portfolio to Hoist Finance

    Alpha Bank, one of Greece's four biggest lenders, said on Tuesday it entered into a binding agreement with Hoist Finance AB to sell non-performing loans with a book value of 1.3 billion euros ($1.47 billion). The Orbit portfolio relates to retail unsecured non-performing loans with the sale expected to be completed in the first quarter of 2022, the bank said in a news release. "The transaction has been agreed at 108 million euros or 7.4% of total unpaid principal balance,", the bank said.