2020 - Page 4 of 77 - NPL Confidential

Zavvos: Greece prepares Hercules II

15 December 2020 Editors

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

Stournaras: Why I propose the creation of a bad bank

15 December 2020 Christos Ziotis

Bank of Greece governor Yannis Stournaras strongly believes that a comprehensive approach is needed to address the weakness of the…

Winter tourism also “in the red”

15 December 2020 Editors

“We’re done …” is the dramatic message sent by dozens of entrepreneurs, dealing in winter tourism. The…

Εxpress court trials for 37,000 borrowers to collect 7.8 bln euros

15 December 2020 Editors

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).

doValue new servicing agreement in Italy for EU 1.6bn

14 December 2020 Editors

doValue announced that it has reached an agreement with UniCredit Group which provides for the exclusive management by the doValue Group, of a non-performing leasing portfolio of approximately EUR 1.6 billion.

Bank of Greece expects an new inflow of NPLs due to the pandemic

14 December 2020 Editors

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.

LARCO. The threat of … sudden death and GEK being among the suitors?

14 December 2020 Editors

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 is mulling with Greek bankers the new APS

14 December 2020 Editors

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

Frontier project gets green light, National Bank board meets in week

14 December 2020 Konstantinos Papagrigoris

In the first quarter of 2021, the bank expects to receive non-binding offers, while the binding ones, the selection of the preferred investor, and the signing of the transaction will take place in the second quarter of the year.

Grand Chalet hotel to be auctioned Jan 27 by Piraeus Bank

11 December 2020 Konstantinos Papagrigoris

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.