Month: August 2021

KEDIPES , the company which set up to manage about 480 million euros of NPLs from the failed Cooperative Bank…

The new code provides for the automatic reduction of the price of the property up to 35%, after two failed auctions, as well as the joint claim of property by multiple buyers.

The securitization includes restructured loans of all categories (mortgage, corporate, small business) and runs in parallel with the negotiation for the signing of a binding agreement (SPA), regarding the sale of 95% of intermediate and low-grade bonds of the Frontier securitization.

Phoenix Vega mezzanine notes have a much higher level of real estate collateral than GBV, which Axia estimates at 83% (5.6 billion euros) compared to 53% for Cairo.

The Greek Government is negotiating the extension of the Bridge I programme, till the end of the year. This is also when the state subsidy for the borrowers with business loans that have joined the “Bridge 2” also ends.

These mezz/junior notes have been collectively valued at EUR62.5m

Greece on Monday received EUR4bn, its first tranche of money from the EUR800bn EU Recovery and Resilience Fund (RRF).

Member companies of the Loan and Credit Claims Management Association have announced initiatives to support the fire victims.