Alpha Bank receives binding bids on Hercules NPL portfolio

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Alpha Bank receives binding bids on Hercules NPL portfolio

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Alexandroupoli, Greece - February 19, 2019: Signpost of Greek Alpha Bank in Alexandroupolis, Greece. | EnginKorkmaz - stock.adobe.com

Alpha Bank has received two binding bids for the sale of an NPL portfolio worth around €10.6bn, closing the securitization process via Greece's Hercules guarantee scheme and cleaning its balance sheet to make way for new lending.

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