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Home2021April

Month: April 2021

Fitch: Debt collectors performance to recover
News

Fitch: Debt collectors performance to recover

8 April 2021 Editors

The collection of unsecured non-performing loans (NPLs) has been more resilient than that of secured NPLs. Judicial capacity constraints could hinder secured NPL collections

Naftemporiki real estate assets go to doValue
News

Naftemporiki real estate assets go to doValue

8 April 2021 Konstantinos Papagrigoris

On 2/6/2017 Eurobank terminated the contract it had with Naftemporiki due to debts of 6.5 million euros.

The breakdown of NPLs; more than half business debt
News

The breakdown of NPLs; more than half business debt

7 April 2021 Konstantinos Papagrigoris

Non-performing loans held by Greek banks amounted to 47.4 billion euros at the end of December 2020, down 21 billion…

Greek banks cut NPL  stock to EUR47.4bn in 2020
News

Greek banks cut NPL stock to EUR47.4bn in 2020

7 April 2021 Editors

In its Annual Report released yesterday, the Bank of Greece revealed that aggregate domestic NPLs  (excluding off-balance sheet exposures) stood…

Piraeus Bank shareholders to receive for free mezzanine bonds from securitizations with 7%-9% coupon
News

Piraeus Bank shareholders to receive for free mezzanine bonds from securitizations with 7%-9% coupon

7 April 2021 Konstantinos Papagrigoris

In total, the bank’s shareholders are estimated to receive free mezzanine securities, with a nominal value of about 650 million euros, which will annually give a coupon of 50 million euros.

Stournaras expects pandemic impact on banks to intensify in 2021
Editorial

Stournaras expects pandemic impact on banks to intensify in 2021

6 April 2021 Editors

Should the proposal of the Bank of Greece not be selected by the authorities, an alternative way of addressing the problem of DTCs will need to be found that is compatible with the applicable capital requirement legislation.

Breather for NPLs from MIG-CVC Capital deal
News

Breather for NPLs from MIG-CVC Capital deal

6 April 2021 Editors

From the … four corners of the banking horizon, voices of relief were heard went signatures were placed on the…

Requests from loan servicers in view of Hercules II
News

Requests from loan servicers in view of Hercules II

6 April 2021 Konstantinos Papagrigoris

In the last few days, loan servicers have been in communication with the Deputy Minister of Finance, responsible for the financial system, George  Zavvos, as the final preparations are made on the draft bill for Hercules II.

The legendary Trinity Project of Piraeus Bank
Highlights

The legendary Trinity Project of Piraeus Bank

5 April 2021 Editors

In 2019, Piraeus Bank initiated the process to sell a non-performing portfolio of business loans, partly secured by real estate (Project “Trinity”).

Davidson Kemper – Castle Lake battle it out for Logothetis loans
Featured

Davidson Kemper – Castle Lake battle it out for Logothetis loans

2 April 2021 Konstantinos Papagrigoris

The tender process for the sale of problem loans issued to shipowner George Logothetis by Piraeus Bank is evolving into a real battle between the US funds Davidson Kemper and Castle Lake.

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News Tags Comments
  • New Iris Payments service from doValue Greece
  • Why aren’t red loans decreasing?
  • Servicers are calling for measures to address the high default rates of the out-of-court settlement mechanism
  • The role of servicers in the Real Estate Acquisition and Leasing Agency 
  • An overview of the Hercules Program
  • Piraeus: Shortage of 180,000 homes in the Greek market to be covered in five years
  • The “damage” from a reversal of the Supreme Court’s decision is estimated at €1 billion 
  • Etalia project up for sale by NBG
  • Foreign investments in the Greek real estate market are declining.
  • Breach of agreement for half of the out-of-court settlement mechanism’s arrangements
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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