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Home2021April

Month: April 2021

Eurobank in the final stretch on sale of POS arm
News

Eurobank in the final stretch on sale of POS arm

13 April 2021 Konstantinos Papagrigoris

The CEO of Eurobank Fokion Karavias has made considerable progress in negotiations for the sale of the POS clearing business and the price that the bank will receive is over 250 million euros.

ECB NPLs fell to 2.63% in Q4 2020
News

ECB NPLs fell to 2.63% in Q4 2020

12 April 2021 Editors

The aggregate non-performing loans (NPL) ratio of EU banks (significant institutions )  fell to 2.63% in the fourth quarter of…

UCI sets up real estate company RETAMA
Featured

UCI sets up real estate company RETAMA

12 April 2021 Editors

The UCI group has set up the RETAMA real estate company with shareholders Banco Santander and BNP Paribas (which already…

Cyprus:  NPLs fell by EUR3.86 billion in 2020
Global

Cyprus: NPLs fell by EUR3.86 billion in 2020

12 April 2021 Editors

Banks in Cyprus reduced their Non-performing loans (NPLs) by €3.86 billion  to €5.11 billion at the end of 2020,  according to…

Qualco to act as sub servicer in PPC’s EUR325m securitization
News

Qualco to act as sub servicer in PPC’s EUR325m securitization

12 April 2021 Editors

PPC (DEH)  signs second receivables securitization securing EUR325m non-recourse financing. Qualco will act as sub-servicer), Deutsche Bank will be the…

European Commission approves prolongation Hercules  asset protection scheme
News

European Commission approves prolongation Hercules  asset protection scheme

12 April 2021 Editors

The European Commission has approved the prolongation of an existing Greek scheme aiming at supporting the reduction of non-performing loans…

Alpha Bank’s new securitizations boost stock
Featured

Alpha Bank’s new securitizations boost stock

12 April 2021 Editors

Alpha Bank’s stock has increased by 20%  (from 0,90 euros to 1,08 euros) after announced its plans for three new securitizations of 2 billion euros. 

More than 4,000 businesses apply for Gefyra 2 program
News

More than 4,000 businesses apply for Gefyra 2 program

9 April 2021 Editors

Finance Minister Christos Staikouras announced that 4,160 businesses have so far applied for assistance with their monthly mortgage payments under…

Brussels gives green light for Hercules II
News

Brussels gives green light for Hercules II

9 April 2021 Konstantinos Papagrigoris

With Hercules 2, the government enables banks to move ahead with up to 32 billion NPEs securitizations by providing 11-12 billion euros in new state guarantees

Moody’s – Collections on European NPL  securitisations down over 20%
News

Moody’s – Collections on European NPL securitisations down over 20%

8 April 2021 Editors

Despite lower recorded collections, no transactions have used reserve funds to meet payments of senior costs or interest on notes.…

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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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