Month: December 2020

Some 40,000 borrowers are at risk of missing out on the beneficial provisions provided by the Katselis law if they do not update their data within 15 days.

All the “big” players of Greece’s domestic NPL market are at the starting point in the race for National Bank’s (NBG) Frontier project in a bid to further increase their managed portfolios.

Piraeus Bank has started contacts with investors for the sale of loans belonging to shipowner Logothetis. Piraeus Bank CEO Christos Megalou is committed to a faster reduction of NPEs.

Piraeus Bank and Intrum signed a binding agreement for the sale of 30% of the mezzanine notes for the Phoenix securitization which amounts to €1.92bn gross book value.

The government also is planning to send to the Commission the application for the second phase of the Hercules program, which will allow banks to reduce NPLs to single-digit figures in the next 18 months.