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CRT sector developments and deal news
Alpha Bank is rumoured to be readying a synthetic securitisation, rendering it the third Greek bank to debut a capital relief trade this year, along with Piraeus Bank and Eurobank.
Greek banks are eyeing synthetics as part of their non-performing loan deleveraging plans. The rationale is to use synthetic technology to generate enough capital to offload their NPL portfolios (SCI 25 February).