Alpha Bank has started the process of selling a significant risk transfer transaction tied to a portfolio of corporate loans, totaling around 1.2 billion euros, sources confirmed to “N” following a relevant Bloomberg report.
According to the report, UnicCredit SpA, which recently increased its stake in the Athens-based bank to around 20%, is advising on the transaction.
However, the transaction is still at an early stage, and the terms remain under discussion among the interested investors, according to the sources cited by Bloomberg.
