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Home2021September

Month: September 2021

Stournaras, NPLs is an impediment to credit expansion in
News

Stournaras, NPLs is an impediment to credit expansion in

30 September 2021 Editors

The NPL ratio for Greek banks remains the highest in the eurozone and is an impediment to credit expansion, especially…

Auctions are accelerating
News

Auctions are accelerating

30 September 2021 Konstantinos Papagrigoris

The acceleration of real estate auctions is provided for in a bill of the Ministry of Justice that was submitted last night to parliament.

Bain Capital resells part of Icon portfolio
News

Bain Capital resells part of Icon portfolio

30 September 2021 Editors

Bain Capital is said to sell part of the NPL Icon portfolio that it had bought in the summer of…

Servicers’ revenue and cash flows dealt a blow from the pandemic
Highlights

Servicers’ revenue and cash flows dealt a blow from the pandemic

30 September 2021 Konstantinos Papagrigoris

Cairo Mezz Plc announced that the company had no revenue for the first half of the year. Also Bain Capital is in the process of reselling part of NPL portfolio bought from National Bank in 2020.

Cairo Mezz zero revennnues for H1 2021
News

Cairo Mezz zero revennnues for H1 2021

29 September 2021 Editors

Cairo Mezz reported zero revenues for the first half of 2021. The Company holds mezzanine and junior notes issued by…

Bain Capital, Davidson Kempner and Ellington have eye on Attica Bank share capital hike
Featured

Bain Capital, Davidson Kempner and Ellington have eye on Attica Bank share capital hike

29 September 2021 Konstantinos Papagrigoris

According to sources from the VDR of Attica Bank, a total of thirteen interested parties came to request information, one of which shortly before the closing of the procedure.

Eurobank will slash NPE ratio below 8% in Q3 2021
News

Eurobank will slash NPE ratio below 8% in Q3 2021

28 September 2021 Editors

Eurobank will be able to reduce the NPE ratio to a single-digit rate – not in 2022 like the other systemic banks – but “within a few days” was expressed by the Ceo of Eurobank Fokion Karavias said. 

Stournaras expects high growth rates in coming decate
News

Stournaras expects high growth rates in coming decate

28 September 2021 Editors

Greece’s economy may return to pre-pandemic levels even before the end of 2021, Bank of Greece Governor Yannis Stournaras said…

Signatures to go on National Bank’s Frontier project
Featured

Signatures to go on National Bank’s Frontier project

28 September 2021 Konstantinos Papagrigoris

The 6.1-billion-euro securitization of non-performing loans has been awarded for a price of 165 million euros to the doValue-Bain Capital-Fortress consortium.

Securitised bonds of Sunrise I project go to Intrum
News

Securitised bonds of Sunrise I project go to Intrum

27 September 2021 Editors

The transfer of mezzanine and junior bonds from Piraeus Financial Holdings to the Intrum Group was completed last week regarding…

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MOST READ

  • Eurobank is preparing a second step-up loan securitization 26 October 2026
  • Who is PPC’s legal counsel for the new €675 million securitization 26 October 2026
  • Secondary Loan Market Slows Down – Transactions Fall to €700 Million in H1 2026 26 October 2026
  • Auctions: 41% Increase in One Year 26 October 2026
  • Piraeus Bank: Puts Four Non-Performing Loan Portfolios Up for Sale 2 November 2026
  • Greek Loan Servicers Post €49 Million in H1 Profits Despite Decline in Earnings 26 October 2026
News Tags Comments
  • What Servicers Say About Article 23
  • Servicers: “Yes” from EEDADP to the new framework – Concerns regarding penalties and the risk of delays
  • Up to 28,600 euros in savings for borrowers thanks to the Ministry of Finance’s amendment
  • Loan Servicers: Maximum Fines Increased Tenfold to €5 Million – Stricter Regulatory Framework for Debt Management Companies
  • CrediaBank Acquires €37.4 Million Portfolio of Re-Performing Mortgage Loans in Landmark Deal for Greek Banking Market
  • Eurobank Reviews CHF 580 Million Loan Portfolio as Part of Balance Sheet Clean-Up
  • Galaxy Cosmos Mezz Receives €1.2 Million in Coupon Payments
  • Servicers Explain Their Absence from Parliamentary Hearing, Citing Last-Minute Invitation
  • Servicers: Strong Discontent Over Withdrawal of Article 23 – Faster Debt Recoveries Now in Limbo
  • Article 23: Truths and Exaggerations
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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