Month: January 2021

Greece’s Justice Ministry has submitted to parliament an amendment to extend by two weeks (until Jan 31) the deadline allowing…

The fund will be able to implement the plan it has prepared for the development of significant activity in the logistics sector. The plan envisages the construction and operation of modern logistics facilities from the acquisition of the area in Aspropyrgos.

Greece’s Prime Minister  K. Mitsotakis has instructed the Finance Ministry to proceed quickly with Hercules II in order to facilitate securitization programs being launched by Greek banks with the backing of state guarantees.

Piraeus, as expected, has been involved in direct talks with Intrum over the planned Vega securitization (a mixed EUR5bn portfolio).

Greece’s lawyers are asking for an extension to update applications submitted under the Katseli law, threatening to otherwise abstain from duties.

The solution of a bad bank will cost Greek lenders more capital to reduce their NPEs, than the Hercules Asset Protection Scheme according to an HSBC Pantelakis report.

The total suspension of all enforcement operations “poses a serious risk to the recovery schedules of problem loans, including those that have been securitized by state guarantees through the Hercules plan.”