Maps0117
6 years ago
Greece's Alpha Bank Is Said to Prepare $4 Billion Bad-Loan Sales
Greek lender Alpha Bank is preparing two non-performing loan sales that could remove as much as 3.5 billion euros ($4 billion) of bad debt from its balance sheet, according to two people familiar with the plans.
One of the portfolios, dubbed Neptune, comprises 1.5 billion euros of loans secured against assets of small and medium-sized enterprises, the people said, asking not to be named because the plans arenโt public. The bank is considering securitizing the debt but may also sell the loans outright, one of the people said.
The second package, known internally as Orion, amounts to 2 billion euros of securitized residential mortgages, the people said. Both the transactions are likely to be offered in the second half of 2019, they said.
An external spokesman for Alpha Bank in London declined to comment on the plans
Maps0117
9 years ago
GOLDMAN SACHS INITIATES COVERAGE OF ALPHA BANK WITH A "BUY"
Analysts at Goldman Sachs started coverage on shares of Alpha Bank A.E. (NASDAQ:ALBKY) in a research report issued to clients and investors on Friday. The firm set a โbuyโ rating on the stock. Alpha Bank A.E. (NASDAQ:ALBKY) opened at 0.285 on Friday. Alpha Bank A.E. has a 1-year low of $0.17 and a 1-year high of $0.82. The stockโs 50-day moving average is $0.27 and its 200-day moving average is $0.25. The companyโs market cap is $14.785 billion. Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank upgraded shares of Alpha Bank A.E. from a โholdโ rating to a โbuyโ rating in a research note on Thursday, June 5th. Separately, analysts at Bank of America upgraded shares of Alpha Bank A.E. from a โneutralโ rating to a โbuyโ rating in a research note on Tuesday, May 20th. Finally, analysts at Nomura upgraded shares of Alpha Bank A.E. from a โreduceโ rating to a โbuyโ rating in a research note on Monday, April 28th. http://www.intercooleronline.com/stocks/alpha-bank-a-e-coverage-initiated-by-analysts-at-goldman-sachs-albky/9591/
Read more at http://www.stockhouse.com/companies/bullboard/albky/alpha-bank-s-a#Pbu0XLg4TjmCBRJv.99