Month: May 2020
Intrum buys €1.1 bn. NPLs from PQH for €71 million.
Greece’s economic sentiment continued falling in May
P. Mylonas: Securitizations will proceed in the Q3 2020, €416 mil. new NPLs due to Covid-19
Alpha Bank to restart Galaxy project next week
T. Panousis sees mergers to create stronger credit servicing firms
Greece is taking a different path from Italy in bad loans securitization
Greece seeks to weed out strategic defaulters from Katseli law
Intrum Hellas: There will be an increase of bad debt but no Armageddon
Pancreta Bank to launch tender for 780 million euros NPL sale
Pancreta Bank, the biggest co-operative bank in Greece, has launched a tender for the sale or securitization of a small portfolio of bad loans and the servicing of all the NPEs that will remain in its balance sheet. The major shareholder in Pancreta Bank is Lyctos Participations owning 21.49% of its share capital.