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Home2021June

Month: June 2021

Applications for out-of-court debt settlement top 9,000
News

Applications for out-of-court debt settlement top 9,000

8 June 2021 Konstantinos Papagrigoris

More than 9,000 individuals or entities with debts to banks and the state have visited the platform set up by…

Fortress, Davidson Kempner, Bain Capital and CPIB in battle for Sunshine project
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Fortress, Davidson Kempner, Bain Capital and CPIB in battle for Sunshine project

8 June 2021 Konstantinos Papagrigoris

The value of the collateral backing these contracts is estimated at about 240 million euros, of which 200 million euros relate to the value of the pledged real estate.

Greece’s Q1 GDP down by 2.3%
News

Greece’s Q1 GDP down by 2.3%

7 June 2021 Editors

Greece announced that Gross Domestic Product in Q1 2021 was down by 2.3% y-o-y, much lower than expected.   The…

Piraeus Bank to tap debt markets for EUR400m
News

Piraeus Bank to tap debt markets for EUR400m

7 June 2021 Editors

Piraeus Bank plans to tap debt markets as early as today for an inaugural EUR300-400m Additional Tier I (AT1) issue…

NPL sales in Europe will exceed  €99.3bn in 2021
News

NPL sales in Europe will exceed €99.3bn in 2021

7 June 2021 Editors

Sales of Non-Performing Loans across Europe this year is expected to pose a c 28% increase from 2020, according to an analysis from Deloitte.

Four Binding Bids on National Bank’s Frontier submitted
News

Four Binding Bids on National Bank’s Frontier submitted

7 June 2021 Editors

According to sources four investors are interested in the 6.1 billion euros project. Capital with doValue, Karval (instead of Pimco)  with Quant, Intrum and Davidson Kempner together with Cepal.

Intrum Hellas 52.7 mill euros net profits in 2020
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Intrum Hellas 52.7 mill euros net profits in 2020

6 June 2021 Editors

  Intrum Hellas posted 52.7 million euros net profit in 2020. According to the published financial statements for the year…

Auctions suspended until end of June for vulnerable households
News

Auctions suspended until end of June for vulnerable households

5 June 2021 Editors

It was agreed upon by banks, loan management companies, and the Ministry of Finance in a meeting held yesterday, according to sources. 

Galaxy project closes in the next days
News

Galaxy project closes in the next days

4 June 2021 Editors

The management of Alpha Bank said today at a briefing that it’s a matter of days to close project Galaxy…

Greek economy contracted by 2.3% in Q1
News

Greek economy contracted by 2.3% in Q1

4 June 2021 Editors

Greece GDP fall 2,3% y-0-y in the first quarter of the year. The Greek economy grew 4.4% in 1Q from…

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  • Swiss franc borrowers are negative about the government’s proposal
  • 10,000 holiday homes belonging to debtors under the Katseli law up for auction
  • Loans in Swiss francs: Amendment tabled – The three categories of settlement
  • Statistics on loans serviced by Credit Servicing Firms (CSFs)
  • Great deals for doValue from the Giza and Alexandria projects
  • Kalantonis: the Supreme Court’s decision is crucial
  • Manageable potential damage to Hercules
  • Foreclosures and the clearing of Katseli Law loans are being expedited
  • The regulation of Swiss franc loans is in Parliament
  • Jefferies: Loan buyback is an opportunity for banks
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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