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Home2021March

Month: March 2021

Piraeus Bank announced  EUR1bn  capital increase to cut NPE ratio at 9%
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Piraeus Bank announced EUR1bn capital increase to cut NPE ratio at 9%

17 March 2021 Editors

Piraeus Bank announces EUR1bn non-pre-emptive capital increase to facilitate fast-track de-risking. The bank aims to reduce NPE ratio below 9% NPE in a year, from 35% currently.  

ECB May Give Banks More Time to Rebuild Capital Ratios
News

ECB May Give Banks More Time to Rebuild Capital Ratios

17 March 2021 Editors

– The European Central Bank  (ECB)  may give banks more time (beyond end-2022) to rebuild capital ratios post-pandemic. Andrea Enria,…

Thiseio building from Foundation of the Hellenic World to go under the hammer
News

Thiseio building from Foundation of the Hellenic World to go under the hammer

17 March 2021 Editors

The Foundation of the Hellenic World, a public benefit legal entity regulated by private law, with a cultural and non-profit character which was inspired and created by the family of Lazaros Efraimoglou, did not escape from the abstention from electronic auctions.

Piraeus Bank filled an application for inclusion of €7bn  NPE securitization in the Hercules Scheme.  
News

Piraeus Bank filled an application for inclusion of €7bn NPE securitization in the Hercules Scheme.  

16 March 2021 Editors

Christos Megalou Piraeus Bank CEO announced that the Bank is proceeding with the immediate implementation of the new Sunrise 1…

Piraeus Bank Signs First Synthetic Securitization in Greece
Featured

Piraeus Bank Signs First Synthetic Securitization in Greece

16 March 2021 Editors

The bans enters into a binding agreement for a synthetic (virtual) securitization of performing SME and corporate loans

Loans serviced by Credit Servicing Firms reached €40 bn in 2020
News

Loans serviced by Credit Servicing Firms reached €40 bn in 2020

16 March 2021 Editors

Bank of Greece announced that the total value of loans to domestic residents  serviced by domestic CSFs increased by €6,264…

Alpha Bank calls EGM to facilitate Galaxy securitization
News

Alpha Bank calls EGM to facilitate Galaxy securitization

16 March 2021 Editors

Alpha Bank called an Extraordinary General Meeting (to be held on 2 April) to approve a well-signaled corporate transformation (into…

Total Recall for the Kypriotis group after Rhodes court decision
News

Total Recall for the Kypriotis group after Rhodes court decision

16 March 2021 Editors

A Rhodes court of appeal has rejected a request from banks (Eurobank, Piraeus) to put the hotel group under special…

Mezzanine notes more attractive with Hercules II
Featured

Mezzanine notes more attractive with Hercules II

16 March 2021 Konstantinos Papagrigoris

The model of Hercules II is enriched so that it does not only work to reduce sour debt but at the same time boosts capital and real estate markets.

Italy’s bad bank set to handle bad pandemic loans
Global

Italy’s bad bank set to handle bad pandemic loans

15 March 2021 Editors

Italy may ask state-owned asset manager AMCO to handle a mounting pile of government-backed soured loans issued to support businesses…

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MOST READ

  • Great deals for doValue from the Giza and Alexandria projects 18 December 2025
  • Foreclosures and the clearing of Katseli Law loans are being expedited 17 December 2025
  • Council of State: Bank of Greece penalties on servicers’ executives up in the air 23 December 2025
  • 10,000 holiday homes belonging to debtors under the Katseli law up for auction 18 December 2025
  • Loans in Swiss francs: Amendment tabled – The three categories of settlement 18 December 2025
  • Intrum AB: Losses in Spain, France, and Germany, and the exception of Greece 23 December 2025
News Tags Comments
  • Banks: €10 billion in liquidity from synthetic securitizations
  • In the Stengos family, the Piraeus Bank’s Vesta project
  • The Real Estate Acquisition and Leaseback Entity is entering the final phase
  • The Federation of Greek Servicer Organizations (FOOSE) was established
  • BoG: Steady decline in NPEs in the nine months of 2025
  • Intrum AB: Losses in Spain, France, and Germany, and the exception of Greece
  • Council of State: Bank of Greece penalties on servicers’ executives up in the air
  • FinThesis expands into business and consumer loans – Target of 1,300 mortgages and €120 million in disbursements
  • Intrum recognises impairment of SEK 3.4bn
  • Swiss franc borrowers are negative about the government’s proposal
Alpha Bank attica bank auctions Bank of Greece Banks Cepal doValue Eurobank extrajudicial mechanism HERCULES Intrum Loans National Bank NPEs npl NPLs Piraeus Bank Qualco Real Estate servicers
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