Alpha Bank to get rid of bad loans
![Alpha Bank to get rid of bad loans](https://www.ekathimerini.com/wp-content/uploads/2021/08/ALPHABANK2344455-960x600.jpg)
Alpha Bank wants to get rid of over €8 billion in bad loans through securitization and other operations in 2022, aiming to reduce its bad loans ratio into the single digits.
In its Cyprus subsidiary, €2.2 billion in bad loans have been transferred to special purpose vehicles.
Cyprus and Romania will remain Alpha’s sole foreign subsidiaries.