# Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner
Published: 2023-05-05
Category: Headlines
Category URL: https://wealthtribune.com/category/headlines/
Meta Title: Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner
Meta Description: Alpha Bank signs deal to reduce NPE ratio by 10 basis points through project Hermes with Fortress and Davidson Kempner. Transaction worth 650 million euros.
URL: https://wealthtribune.com/alpha-bank-to-sell-bad-loan-portfolio-to-fortress-and-davidson-kempner/

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## Alpha Bank to sell bad loan portfolio to Fortress and Davidson Kempner   ATHENS (Reuters) – Alpha Bank ACBr.AT, one of Greece’s four largest lenders, said on Friday it signed a binding agreement to sell a 650 million euro ($717.34 million) portfolio of corporate bad loans to Fortress and Davidson Kempner.    The transaction, named project Hermes, is expected to reduce Alpha Bank’s non-performing exposures (NPE) ratio by 10 basis points, it said.    The deal is expected to be completed within May.    ($1 = 0.9061 euros)        (Reporting by Lefteris Papadimas)


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