Year: 2020

Intrum and Piraeus Bank are implementing a specialized plan to support and facilitate borrowers affected by the crisis, providing facilities for the payment of liabilities and arrangements according to their financial capabilities.

Greek banks have asked the Finance Ministry to allow again from October onwards the auctioning of foreclosed properties, which were put on hold since March due to the Covid-19 outbreak.

At the beginning of the week the applications of those that had submitted an application for Bridge program of the Ministry of Finance, which subsidizes for nine months the installment of loans related to the first home, exceeded 30,000. 

The American investment group of DavidsonKempner is still interested, while talk in the last few days that shipowner V. Marinakis is interested in 31 percent of the shares of MIG controlled by Piraeus Bank seems to be baseless.

    The Marinopoulos Coffee Company, which has the Starbucks brand for the Greek market, restated its financial statements for…

     Auctions will commence for each category of real estate and other assets as of September.      …

Which are the two steps taken by the company in Greece and Cyprus, indicative of the strategy it is pursuing in the secondary market of non-performing receivables.

Piraeus Bank has filed an application for HERCULES – Asset Protection Scheme inclusion in relation to the upcoming EUR2bn Phoenix securitization.