Month: December 2020

In less than a year, since Hercules was introduced, we have achieved a systemic solution with a total reduction of bad loans of about 30 to 35 billion

Banks and loan servicers are preparing to proceed with some 37,000 express court cases next year in a bid to lift the protection provided to borrowers under the Katseli Law (Law 3869/2010).

Bank of Greece says in an interim monetary policy report. that the high percentage of performing loans benefiting from moratoria until end-December 2020 contained the inflow of new NPLs.

The surprise of the last few days? The apparent interest of the GEK TERNA group that has been added to the list of suitors.

Finance Ministry in talks with banks over expansion or the extension of Hercules -Asset Protection Scheme facilitating NPE securitizations.

The Grand Chalet, one of the most famous hotels in Kifissia, will be put up for auction on January 27, 2021, by Piraeus Bank at a starting price of 5.28 million euros.