News

News

Hercules II: Increased grace period for NPL receipts

The Ministry of Finance is adopting the request of loan servicers for the further extension, from 24 to 36 months, of the grace period.

The aim is to prevent servicers from being deprived of the right to manage these problem loans and to prevent the activation of state guarantees.

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Latsis family enters NPL market

A company owned by the Latsis family is about to purchase a group of problem loans that belonged to Piraeus Bank, according to sources. haircuts offered on the value of the debt sold to Intrum Hellas and then to the business group are not known.

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