Month: January 2021

Large groups dealing in domestic real estate and other sectors have the finger on the trigger with an eye on…

Around 81,300 households were in home loan arrears last year, but figures suggest this could climb to 142,200 in 2021, prompting a surge in repossessions.

The call centers of loan management companies have been busy in the last few days informing borrowers that the loan moratoria, suspension of payments, has ended and that installments will resume on a monthly basis.

According to preliminary information disseminated to interested parties,   the nominal value of the mezzanine tranche in NBG’s upcoming Frontier securitization of EUR6.1bn NPEs allegedly stands at EUR450m.

Greece’s request for a general suspension of auctions for a long time is expected to be met with strong opposition, which is why plan B is already ready on the table.

The reduction of these loans, according to the BoG, is the most serious challenge of the banking system after the gradual lifting of the loan moratorium and other existing measures to protect borrowers.

Piraeus Bank proceeded with the sale of a property located in central Athens, at the junction of Michalakopoulou and Rapsanis streets, through an auction conducted by consultant Piraeus Real Estate.