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Home2021November

Month: November 2021

HSBC expects all Greek banks to be at single digit NPE ratio by end of 2022
Highlights

HSBC expects all Greek banks to be at single digit NPE ratio by end of 2022

21 November 2021 Editors

The economic outlook is quite accommodative for inorganically reducing legacy NPEs and managing new formation

C. Megalou:  Piraeus NPEs to soon decline below 10%
News

C. Megalou: Piraeus NPEs to soon decline below 10%

19 November 2021 Editors

Piraeus Bank’s achievement of reducing NPEs by 16 billion euros in the first nine months of 2021 was referred to…

Cyprus, is likely to launch a “bad bank” next year
News

Cyprus, is likely to launch a “bad bank” next year

19 November 2021 Editors

Τhe European Commission is expected to grant state-owned asset management company Kedipes the necessary approval to operate as a bad…

Piraeus Bank NPL ratio falls to 16% in Q3 2020
Highlights

Piraeus Bank NPL ratio falls to 16% in Q3 2020

19 November 2021 Editors

“Οur NPE reduction plan is well on track with more than 90% of actions already executed. NPE  reduction in the…

ECB: Financial stability risks from the pandemic have lessened
News

ECB: Financial stability risks from the pandemic have lessened

18 November 2021 Editors

Since the end-2014, NPLs worth €584 billion have been sold by banks, mainly to non-bank investors  Banks in Greece and…

Deal between HIG, Alpha Bank on Hellenic Halyvourgia loans reached
News

Deal between HIG, Alpha Bank on Hellenic Halyvourgia loans reached

18 November 2021 Editors

On the eve of the National Holiday (October 28), the initial agreement between HIG and Alpha Bank on the consolidation…

Binding offers for Piraeus Bank’s Dory project expected by Monday
Featured

Binding offers for Piraeus Bank’s Dory project expected by Monday

18 November 2021 Konstantinos Papagrigoris

Bids will be submitted by Bank of America, Davidson Kempner, Entrust and Fortress, while some of the interested parties have partnered with third-party investors.

Bank of Cyprus sells EUR577 million NPLs to PIMCO
News

Bank of Cyprus sells EUR577 million NPLs to PIMCO

17 November 2021 Editors

Bank of Cyprus   Sells a portfolio of non-performing loans and properties to funds affiliated with Pacific Investment Management Co LLC,…

ECB warns on o potential increase of insolvencies
News

ECB warns on o potential increase of insolvencies

17 November 2021 Christos Ziotis

The ECB has identified warning signs that may lead to an increase of insolvencies and consequently a rise in the NPL ratio , according to the Sigle Supervisory Mechanism. 

Piraeus Bank 1.3 bln euro securitization being done in 2 stages
Featured

Piraeus Bank 1.3 bln euro securitization being done in 2 stages

16 November 2021 Konstantinos Papagrigoris

The bank has entered into a binding agreement with Christofferson, Robb & Company (CRC) for the synthetic securitization of 500 million euros serviced loans to small, medium, and large enterprises

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  • The “damage” from a reversal of the Supreme Court’s decision is estimated at €1 billion  2 September 2025
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  • Why aren’t red loans decreasing?
  • Servicers are calling for measures to address the high default rates of the out-of-court settlement mechanism
  • The role of servicers in the Real Estate Acquisition and Leasing Agency 
  • An overview of the Hercules Program
  • Piraeus: Shortage of 180,000 homes in the Greek market to be covered in five years
  • The “damage” from a reversal of the Supreme Court’s decision is estimated at €1 billion 
  • Etalia project up for sale by NBG
  • Foreign investments in the Greek real estate market are declining.
  • Breach of agreement for half of the out-of-court settlement mechanism’s arrangements
  • Private Debt Monitoring Registry – How the landscape is changing for citizens and businesses
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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