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Home2020June

Month: June 2020

Pancreta Bank assesses non-binding offers on Kastor Project
News

Pancreta Bank assesses non-binding offers on Kastor Project

17 June 2020 Konstantinos Papagrigoris

The portfolio includes corporate loans from approximately 1,000 borrowers. About half of the loans have been denounced with the value of the collateral being about 300 million euros. The bank’s total demands from the above loans amounted to 351 million euros on September 30, 2019.

Loans  transferred to Servicers (CSF) increased to 30.8 billion euros at Q1 2020
News

Loans transferred to Servicers (CSF) increased to 30.8 billion euros at Q1 2020

16 June 2020 Editors

According to data released by the Bank of Greece  the total value of the above category of loans increased by €7,280 million and stood at €30,817 million at the end of the first quarter of 2020, from €23,537 million in the fourth quarter of 2019.

A new era for the Federation of Greek industries (SEV)
Business

A new era for the Federation of Greek industries (SEV)

16 June 2020 Christos N Konstas

CEO Dimitris Papalexopoulos became the new Chairman of the Federation of Greek industries (SEV). In his address to a very…

Piraeus Bank: NDAs to be sent out to international investors on Phoenix project
Featured

Piraeus Bank: NDAs to be sent out to international investors on Phoenix project

16 June 2020 Konstantinos Papagrigoris

Piraeus Bank chief executive Christos Megalou has given the order to top officials to speed up procedures concerning two securitizations that had been planned ahead of the pandemic (project Phoenix and project Vega), according to sources.

How to get a government subsidy for the loan
Experts

How to get a government subsidy for the loan

15 June 2020 Editors

Aik. Fragaki gives the answer on how can a borrower get a government subsidy for the loan after the covid19 crisis.

Delfi Partners advises Bain on Icon Project with NBG
Buzz Talk

Delfi Partners advises Bain on Icon Project with NBG

15 June 2020 Editors

National Bank of Greece (NBG) has announced that it had signed a contract to sell a portfolio of receivables consisting…

Banks and Servicers raise concerns over new draft insolvency code
News Feed

Banks and Servicers raise concerns over new draft insolvency code

15 June 2020 Editors

Banks and Loan Servicers servicers raise concerns over specific aspects of the new draft insolvency code. According to euro2day.gr, both…

Fitch upgrades Eurobank on Cairo completion
Highlights

Fitch upgrades Eurobank on Cairo completion

15 June 2020 Editors

Fitch, the rating agency, upgraded Eurobank by a notch to ‘B-‘ on Cairo securitisation completion. Following the completion of the…

Piraeus Bank, Comer Group talks on MIG loans headed for breakdown
Featured

Piraeus Bank, Comer Group talks on MIG loans headed for breakdown

15 June 2020 Konstantinos Papagrigoris

Piraeus Bank CEO Christos Megalou is under pressure to lower the price of MIG loans as Comer Group reconsiders conditions that prevail in the Greek market.

What is going on with MLS, the loans and the new CEO 
News

What is going on with MLS, the loans and the new CEO 

15 June 2020 Editors

The weight of managing MLS company loans – among other things – has fallen onto the back of new CEO Narcissus Georgiadis. The goal is to prevent the payment of some of the short-term loans from being delayed.

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