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Home2021June

Month: June 2021

Vulnerable borrowers can apply for mortgage subsidy
News

Vulnerable borrowers can apply for mortgage subsidy

25 June 2021 Editors

 Vulnerable borrowers entitled to the protection of their primary residence may start to apply from July 15th in the electronic…

Public consultation for Real Estate Acquisition Agency
News

Public consultation for Real Estate Acquisition Agency

25 June 2021 Konstantinos Papagrigoris

The Real Estate Acquisition and Leasing Agency will operate with private funds amounting to at least 2 billion euros. Ministry of Finance is expected in the near future to announce the tender process

doValue Greece: Loan restructurings  reach 5 bln euros
Highlights

doValue Greece: Loan restructurings reach 5 bln euros

25 June 2021 Christos Ziotis

It has supported the pandemic victims by suspending loan payments on 6 billion euros of loans to some 90,000 borrowers,

Suspension of Mouzenidis is the tip of the iceberg
News

Suspension of Mouzenidis is the tip of the iceberg

24 June 2021 Editors

According to estimates, the group owes hotels – mainly in Halkidiki and Crete – about 100 million euros.

Italian banks cut their NPLs at €52 billion
News

Italian banks cut their NPLs at €52 billion

24 June 2021 Christos Ziotis

Italy’s banks have cut bad loans to levels lower than in 2010, before the eurozone crisis, according to a DBRS…

Intrum manages 450 hotel loans
News

Intrum manages 450 hotel loans

24 June 2021 Editors

Loan servicers have the opportunity to provide solutions, to contribute to the improvement of business competitiveness, through mergers, in order…

Phoenix Vega Mezz shares to go to Piraeus Bank shareholders
News

Phoenix Vega Mezz shares to go to Piraeus Bank shareholders

23 June 2021 Konstantinos Papagrigoris

This is essentially a distribution of free shares to the shareholders of Piraeus Financial Holdings, with a 7 percent coupon, which will be paid for at least two years.

DBRS: Greek GDP will rise by 5% in 2021
News

DBRS: Greek GDP will rise by 5% in 2021

23 June 2021 Editors

Credit rating agency DBRS Morningstar expects Greek gross domestic product to grow by 5% this year and in 2022. In…

Alpha Bank completed the Galaxy Transaction
News

Alpha Bank completed the Galaxy Transaction

22 June 2021 Editors

Value for 100% of Cepal has been set at E262 million. The implied equity value of 80% of new Cepal stands at E120 million. An amount of Euro 48 million will be paid within 18 months

Which large corporate loans is National Bank selling through Frontier?
News

Which large corporate loans is National Bank selling through Frontier?

22 June 2021 Konstantinos Papagrigoris

Loans of large companies, listed and unlisted, have been included by National Bank (NBG) in the Frontier securitization, which is…

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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 Real Estate servicers SSM
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