Month: January 2021

Finally, all the well-known Greek investors, who had initially expressed interest in the acquisition of Kallimani, backed down. The question…

The burden from new Covid-19 related defaults will be higher for banks that already had a high stock of NPLs such as Greek banks, where a big chunk (if not all) of the existing buffers was meant to be used to address part of their legacy NPLs .

The second wave of the pandemic crisis makes the need for “Hercules 2” imperative and has already begun to be assessed along with the new red loans and the cost of loan deferrals, amounting to 30 billion euros, provided by the banking system to support households and businesses.

The company has announced that is has entered into a lock-up agreement  with an ad hoc group of noteholders, 

The transfer of 3.2 billion euros of non-performing exposures management platform of Alpha Bank Cyprus is expected to be completed by March, together with its staff to doValue Cyprus Ltd.