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Home2021June

Month: June 2021

Intrum: 61% of Greek firms are concerned about debtors ability to pay on time
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Intrum: 61% of Greek firms are concerned about debtors ability to pay on time

16 June 2021 Editors

With recession looming, 61 percent of firms say Covid-19 has motivated them to get better at managing the risk of…

Alpha Bank EGM approves EUR0.8bn growth equity raising
Highlights

Alpha Bank EGM approves EUR0.8bn growth equity raising

16 June 2021 Editors

As widely expected, Alpha Bank’s Extraordinary General Meeting held yesterday gave the board authorization to execute an up to EUR0.8bn…

NPE market in for changes after the arrival of Spain’s DEVA Capital
News

NPE market in for changes after the arrival of Spain’s DEVA Capital

16 June 2021 Konstantinos Papagrigoris

The arrival of Spain’s DEVA Capital, through the alledged partnership with Intrum Hellas, will spur changes in the domestic bad debt market

Greek commercial property prices rebound further in 2020
Highlights

Greek commercial property prices rebound further in 2020

15 June 2021 Editors

According to a revised data series published by the Bank of Greece  Greek commercial property prices continued rising for the…

Piraeus Bank signs binding deal with  Intrum-Serengeti for €7.2bn securitization
Highlights

Piraeus Bank signs binding deal with Intrum-Serengeti for €7.2bn securitization

15 June 2021 Editors

The bank has reached definitive agreements with Intrum AB  and Serengeti Asset Management LP for the sale of forty-nine percent (49%) and two percent (2%) of the mezzanine and junior notes of the €7.2bn,   Sunrise I NPE portfolio,.

Hercules II draft bill with the govt’s Secretary General
Highlights

Hercules II draft bill with the govt’s Secretary General

15 June 2021 Konstantinos Papagrigoris

Ministry of Finance, upon the request of interested parties, will be able to extend the grace period up to 30 months.

Piraeus Bank NPLs to hit single digits faster
Featured

Piraeus Bank NPLs to hit single digits faster

14 June 2021 Editors

The signing of the binding agreement between Piraeus and Intrum for the purchase of mezzanine and junior note of the Sunrise 1 securitization is expected in the coming days.

Five non-binding offers for Eurobank Petra real estate portfolio
News

Five non-binding offers for Eurobank Petra real estate portfolio

14 June 2021 Konstantinos Papagrigoris

The portfolio is worth 38 million euros and consists of 150 properties, binding offers are expected at the end of July.

Confusion arises from different bids submitted on National Bank’s Frontier project
News

Confusion arises from different bids submitted on National Bank’s Frontier project

14 June 2021 Editors

One of the four binding offers, which were submitted proposes the increases of the perimeter of senior notes, reducing the nominal value of the mezzanine ones equally.

HOTELING: 3 billion euros of NPLs go under the hammer
Highlights

HOTELING: 3 billion euros of NPLs go under the hammer

14 June 2021 Editors

In the tsunami of e-hammers that started as of June 1, dozens of hotels stand out among them being well-known…

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Alpha Bank attica bank auctions Bank of Greece Banks Cepal doValue Eurobank HERCULES Intrum Loans National Bank NPEs npl NPLs Piraeus Bank Qualco Real Estate servicers Supreme Court
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