ECONOMY

Alpha Bank to get rid of bad loans

Alpha Bank to get rid of bad loans

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.

Banking
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