GREECE > The European Bank for Reconstruction and Development, APS Delta, Balbec Capital and the IFC will jointly invest 50 million euros ($57 million) in a portfolio of unsecured sour loans originated by Greece’s Piraeus Bank

EBRD logo According to European Bank for Reconstruction and Development (EBRD), EBRD, APS Delta, Balbec Capital and IFC will jointly invest $57 million in portfolio of unsecured sour loans originated by Greece’s Piraeus Bank Greece banks are struggling with highest ratio of non- performing exposures (NPEs) in Europe because of the seven year debt crisis. Piraeus Bank which is also Greece’s largest More …