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Greek bank Attica leads way to cut bad loans, boost capital

Bloomberg Greece’s larger banks can take a leaf out of Attica Bank’s playbook. While the country’s four big banks are struggling to shrink their non-performing exposures (NPEs), smaller lender Attica Bank has become Greece’s first to turn to securitization as a way to both shrink its bad loans and close a capital shortfall. The Athens-based bank is using the services ...

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Noor Bank scoops several accolades

Dubai / Emirates Business Noor Bank, a leading Shari’a-compliant bank in the UAE, on Monday announced that it has notched up several prestigious wins at the Banker Middle East Product Awards 2017 and at the Banker Middle East Industry Awards 2017, organised by CPI Financial’s renowned Banker Middle East magazine. Noor Bank won Best Corporate Account for its escrow account ...

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Liberbank rebounds as regulators ban short sales

Bloomberg Liberbank rebounded in Madrid trading after regulators prohibited short selling of the Spanish lender in the wake of a stock plunge last week. The shares jumped as much as 31 percent, the most since the bank’s 2013 debut, and were up 28 percent priced at 86.8 cents as of 10:06 a.m. The stock dropped 41 percent last week after ...

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