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Home2021May

Month: May 2021

National Bank sticks to court action on Halyvourgiki
Highlights

National Bank sticks to court action on Halyvourgiki

31 May 2021 Editors

The death of Konstantinos Angelopoulos may have frozen for a while developments regarding the battle between National Bank (NBG) and…

OECD: Greece needs to take additional measures to the “Hercules”
News Feed

OECD: Greece needs to take additional measures to the “Hercules”

31 May 2021 Editors

OECD in its latest outlook for Greece stresses that bankruptcies and non-performing loans are likely to rise as support is…

Piraeus Bank:  22 June AGM to approve distribution of Vega/Phoenix bonds to shareholders
News

Piraeus Bank: 22 June AGM to approve distribution of Vega/Phoenix bonds to shareholders

31 May 2021 Editors

Piraeus Bank’s Annual General Meeting scheduled for 22 June will be asked to approve, among others, the distribution of of…

Greek banks, the pandemic crisis added only E4 bn NPLs
News

Greek banks, the pandemic crisis added only E4 bn NPLs

31 May 2021 Editors

Greek bankers estimate that the pandemic legacy of NPLs is manageable, as new soured loan inflows are about 4 billion…

NBG to pick Frontier investor by early July
News

NBG to pick Frontier investor by early July

31 May 2021 Editors

National Bank will proceed with another large securitization of non-performing loans, which will be completed in the first quarter of 2022,

Davidson Kempner buys bad loans in Greece and “ice-creams in Turkey”.
Global

Davidson Kempner buys bad loans in Greece and “ice-creams in Turkey”.

28 May 2021 Editors

Davidson Kempner the USA-based investment firm  which recently acquired servicing firm  Cepal from Alpha and bought part of Mezzanine and…

EU wary of extending grace period for loan servicers to 36 months
News

EU wary of extending grace period for loan servicers to 36 months

28 May 2021 Konstantinos Papagrigoris

Government understands the concerns and logic behind the request but believes concerns among loan management companies are over the top.

Dardanel Önentaş  buys Kallimanis E62.3 mill. debt
News

Dardanel Önentaş buys Kallimanis E62.3 mill. debt

28 May 2021 Editors

Dardanel Önentaş DARDL.IS has decided to acquire G. Kallimanis SA, the market leader in frozen seafood in Greece. According to the statement…

Eurobank: “Mexico” securitization received pre-rating
News

Eurobank: “Mexico” securitization received pre-rating

28 May 2021 Editors

The bank has executed an accelerated NPE reduction plan, driving its NPE ratio to single-digit this year. It will apply to join the HAPS Hercules II with Mexico project in the coming weeks.

KPMG sees a pick up in NPL securitizations in 2021
News

KPMG sees a pick up in NPL securitizations in 2021

27 May 2021 Editors

 KPMG expects an increasing volume of securitizations in the Greek market, boosted by the HAPS tool, which is likely to…

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