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Home2021March

Month: March 2021

Apartment prices increased by 4.2% in 2020
News

Apartment prices increased by 4.2% in 2020

9 March 2021 Editors

According to data collected from banks,  nominal apartment prices are estimated to have increased on average by 2.6% year-on-year in…

Deus ex Machina
News

Deus ex Machina

9 March 2021 Editors

Ηopes have emerged for a last gasp solution to the historic factory of “Pitsos” in the area of ​​Renti after…

The pivotal role of Italy’s Cerved in the architecture of Frontier project
Highlights

The pivotal role of Italy’s Cerved in the architecture of Frontier project

9 March 2021 Konstantinos Papagrigoris

Italian debt management group Cerved has been credited with designing National Bank’s (NBG) Frontier Project, a bad loan portfolio sale…

Asset Management Companies have securitized 32,1bn.euros NPLs  between 2018-20
Analysis

Asset Management Companies have securitized 32,1bn.euros NPLs between 2018-20

8 March 2021 Editors

Asset Management Companies (AMCs)  are adequate tools to deal with NPLs, but their efficiency varies between simpler tasks (e.g., disposal)…

NPEs fall to 25% but 35 bln euros of bad debt still held by banks
Featured

NPEs fall to 25% but 35 bln euros of bad debt still held by banks

8 March 2021 Konstantinos Papagrigoris

The Government is said to apply to European Commission for the extension of the Asset Protection Scheme, known as Hercules II

Angelopoulos protests bank move to put company in special manaagement
Highlights

Angelopoulos protests bank move to put company in special manaagement

6 March 2021 Editors

The Angelopoulos family has reacted strongly to a move by National Bank (NBG) to put Halyvourgiki under a special management regime. They claim that NBG’s management is carrying out a mission to the detriment of its interests and those of its shareholders.

Auctions frozen only in Greece and Hungary
News

Auctions frozen only in Greece and Hungary

5 March 2021 Konstantinos Papagrigoris

President of doValue Greece, Theodore Kalantonis, stated his opposition to the adoption of across-the-board measures for auctions and enforcement measures. Servicers will manage more than 200.000 properties.

Company consolidation process under new bankruptcy law commences
Featured

Company consolidation process under new bankruptcy law commences

4 March 2021 Editors

The process of consolidation of over-indebted companies started March 1, according to Greece’s new bankruptcy code (Law 4738/20).

Νational Bank received four non-binding bids for EUR6.1bn Frontier NPE securitization
News

Νational Bank received four non-binding bids for EUR6.1bn Frontier NPE securitization

4 March 2021 Editors

National Bank of Greece,  finally received at least four non-binding bids about its upcoming Frontier securitization of EUR6.1bn NPEs, according…

Piraeus Bank eyes two new NPE securitizations over  EUR10bn
Highlights

Piraeus Bank eyes two new NPE securitizations over EUR10bn

4 March 2021 Editors

Piraeus Bank  considers two new NPE securitizations totaling over EUR10bn in 2021-22, NPL Confidential had reported on February 4th that…

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MOST READ

  • Agreement between doValue, National Bank, and Eurobank for the return of housing loans 26 May 2025
  • Crucial meeting with Pierrakakis, the Bank of Greece, and servicers for non-performing loans 28 May 2025
  • New company by Piraeus Bank and Qualco 3 June 2025
  • Why are the properties of the servicers not being utilized? 27 May 2025
  • Reductions in balances in the “Hercules” securitizations in Q1 2025 27 May 2025
  • Which servicers are interested in the 50 billion euros of non-performing loans from the insurance funds 2 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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