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Home2020

Year: 2020

Pancreta Bank to launch tender for 780 million euros  NPL sale
News

Pancreta Bank to launch tender for 780 million euros NPL sale

27 May 2020 Editors

Pancreta Bank, the biggest co-operative bank in Greece, has launched a tender for the sale or securitization of a small portfolio of bad loans and the servicing of all the NPEs that will remain in its balance sheet. The major shareholder in Pancreta Bank is Lyctos Participations owning 21.49% of its share capital.

European Commission proposed a 750 billion euros  Recovery Package
Featured

European Commission proposed a 750 billion euros Recovery Package

27 May 2020 Editors

The European Commission released the proposal for a 750 bln euro aid package to fight the economic repercussions of the Covid-19 pandemic in Europe,  through a mix of grants, loans, and guarantees.

Staikouras, cash reserves dropped to EUR32.5bn
News

Staikouras, cash reserves dropped to EUR32.5bn

27 May 2020 Editors

ing into account EUR3.2bn debt servicing outflows (maturing bonds) due by end-July and excluding the EUR15.7bn restricted cash, this leaves a fully-discretionary fiscal space to the tune of EUR13.6bn (or 8% of GDP).

Eurobank-doValue deal, Cairo securitization  to close by Friday
News

Eurobank-doValue deal, Cairo securitization to close by Friday

27 May 2020 Konstantinos Papagrigoris

The revised agreement between Eurobank – doValue does not include changes in the price of 15 million euros for 20 percent of Cairo’s intermediate grading securities, but amendments to the loan management agreement with FPS.

A. Endria advocates  the set up of a bad bank
News

A. Endria advocates the set up of a bad bank

26 May 2020 Editors

Andrea Enria who is Chair of the Supervisory Board of the ECB, (SSM)   is supporting,  along with Yannis Stournaras…

Stournaras insists: A bad bank  is a necessity, ESM lending is not the end of the world…
Finance

Stournaras insists: A bad bank is a necessity, ESM lending is not the end of the world…

26 May 2020 Editors

Bank of Greece Governor Yannis Stournaras talking in Parliament on Monday. stressed the need to seek and activate instruments such…

Pimco looks to boost presence in Greek NPE market
Featured

Pimco looks to boost presence in Greek NPE market

26 May 2020 Konstantinos Papagrigoris

Pimco, one of the world’s largest fund managers, is considering the acquisition of an additional 40 percent stake in Qualco.

The EU Commission raises concerns on the new insolvency code
News

The EU Commission raises concerns on the new insolvency code

25 May 2020 Editors

European Commission has raised some concerns over the issue of primary residence protection, as it is described in the new insolvency law.

Stouranaras: Economy will shrink by 6% this year under the base line scenario
Highlights

Stouranaras: Economy will shrink by 6% this year under the base line scenario

25 May 2020 Christos Ziotis

Greek central bank chief Yannis Stournaras told a parliamentary committee hearing that under the central bank’s baseline scenario, Greece’s economy…

Germany into recession in Q1 2020 as GDP falls 2.2%
Editorial

Germany into recession in Q1 2020 as GDP falls 2.2%

25 May 2020 Editors

A slump in capital investments, private consumption and exports pushed the German economy into a recession in the first quarter,…

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MOST READ

  • New company by Piraeus Bank and Qualco 3 June 2025
  • Crucial meeting with Pierrakakis, the Bank of Greece, and servicers for non-performing loans 28 May 2025
  • Why are the properties of the servicers not being utilized? 27 May 2025
  • Which servicers are interested in the 50 billion euros of non-performing loans from the insurance funds 2 June 2025
  • Reductions in balances in the “Hercules” securitizations in Q1 2025 27 May 2025
  • The objections for the same auction are being grouped together 4 June 2025
News Tags Comments
  • Resolution on issue of ordinary shares
  • The objections for the same auction are being grouped together
  • Cepal Hellas: Took over the management of loan portfolios worth 4.8 billion
  • On a portal, all the state housing programs
  • New company by Piraeus Bank and Qualco
  • Minimal interest in the servicers’ platforms
  • Extrajudicial: 20% increase in arrangements after legislative improvements
  • Which servicers are interested in the 50 billion euros of non-performing loans from the insurance funds
  • BoG: New 6.8% rise in apartment prices
  • What Pierrakakis and servicers discussed: How 25,000 properties will be utilized
Alpha Bank attica bank auctions Bank of Greece Banks Cepal doValue Eurobank extrajudicial mechanism HERCULES Intrum Loans National Bank NPEs npl NPLs Piraeus Bank Real Estate servicers SSM
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