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Home2020

Year: 2020

Attica Bank securitizes € 712 mill. NPLs
News

Attica Bank securitizes € 712 mill. NPLs

18 December 2020 Editors

Attica Bank announced in a bourse filing that it proceeded with the securitization of two NPL portfolios of 712 million euros.

Piraeus Bank sells €1.7bn NPLs to Intrum for € 42 mill.
News

Piraeus Bank sells €1.7bn NPLs to Intrum for € 42 mill.

18 December 2020 Editors

Piraeus Bank announced that reach an agreement with Intrum for the Sale of Non-Performing Exposures amounting to €0.7bn Gross Book Value.

Greek banks have offload up to €54bn of risky loans in Dublin
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Greek banks have offload up to €54bn of risky loans in Dublin

18 December 2020 Editors

The total level of assets in Greek bank-sponsored loan securitization vehicles registered in Ireland has grown from €700 million to €31.7 billion since the third quarter of 2018.

Frontier securitization  of EUR6.1bn to get the green light from National Bank board 
Highlights

Frontier securitization of EUR6.1bn to get the green light from National Bank board 

18 December 2020 Konstantinos Papagrigoris

The Executive Committee of the National Bank has already decided on the subject. In the first quarter of 2021, the bank will receive non-binding offers.

How the pandemic affects the price of Cairo Mezz
Featured

How the pandemic affects the price of Cairo Mezz

17 December 2020 Konstantinos Papagrigoris

The share after the first trading days is moving higher as the initial value of each share was set at 0.0155 euros, while at the end of yesterday’s session the share was at 0.1296 euros, recording an admittedly impressive return.

Georgakopoulos (Intrum): New bankruptcy code is innovative and complete
News

Georgakopoulos (Intrum): New bankruptcy code is innovative and complete

17 December 2020 Konstantinos Papagrigoris

The new framework makes a key contribution to effectively tackling bad loans and implementing NPE reduction plans and is positive for the economy as a whole.

EU Comission unveils a new strategy for NPLs
Highlights

EU Comission unveils a new strategy for NPLs

16 December 2020 Editors

The Commission said that it  stands ready to support Member States in setting up national AMCs – if they wish to do so – and would explore how cooperation could be fostered by establishing an EU network of national AMCs.

Loans serviced by Credit Servicing Firms increased to EU32.9 bn in Q3
News

Loans serviced by Credit Servicing Firms increased to EU32.9 bn in Q3

16 December 2020 Christos Ziotis

  Τhe nominal value of loans to domestic residents serviced by domestic CSFs increased in Q3  2020 by 2,1 billion…

The pandemic’s effects on Cairo Mezz Pl
News

The pandemic’s effects on Cairo Mezz Pl

16 December 2020 Editors

 Cairo Mezz Plc said in a statement that a pandemic could affect the pace at which the company will collect revenues.

DoValue exceeds NPEs target for 2020
News

DoValue exceeds NPEs target for 2020

16 December 2020 Konstantinos Papagrigoris

The end of the year finds doValue having added, so far this year, new bad loans worth 11 billion euros.

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