Piraeus Bank holds next round of home auctions in March

Piraeus Bank holds next round of home auctions

Piraeus Bank, Greece's largest lender, will hold its fourth round of online home auctions next month in a bid to offload assets tied to bad loans.

The auctions will be held on March 20 and 21on the banks's auctions platform properties4sale.gr.

The results have so far been mixed. In the first three auctions held in 2017, about one in two properties for sale were passed in resulting in the sale of 84 pieces of real estate for some 13 million euros.

In the auctions next month, 49 pieces of real estate will go under the hammer with prices starting from 9,000 euros and going up to 760,000 euros. The assets are located in Athens, Thessaloniki and other parts of Greece, the bank said in a statement.