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Home2021December

Month: December 2021

Alpha Bank’s sale of Cypriot NPLs days away; who is interested
News

Alpha Bank’s sale of Cypriot NPLs days away; who is interested

10 December 2021 Konstantinos Papagrigoris

Alpha Bank has launched a competitive bidding process for the sale of non-performing loans in Cyprus, with a gross book…

Piraeus Bank’s Dory portfolio heading to Davidson Kempner
News

Piraeus Bank’s Dory portfolio heading to Davidson Kempner

8 December 2021 Konstantinos Papagrigoris

Davidson Kempner (DK) it is seen picking up for some 200 million euros, according to sources, a portfolio, with non-performing shipping loans from Piraeus Bank,

Ministry of Finance set up an early warning system for borrowers
News

Ministry of Finance set up an early warning system for borrowers

8 December 2021 Editors

The Ministry of Finance set up the new digital platform of the “Early Warning Mechanism”,  implementing Law  4738/2020), known as…

Euro zone banks adopted a complacent attitude to rising risks: ECB’s Enria
Experts

Euro zone banks adopted a complacent attitude to rising risks: ECB’s Enria

8 December 2021 Christos Ziotis

Several early indicators point to potential asset quality deterioration in the future. We are closely monitoring this situation, especially considering banks’ sensitivities to some of the corresponding risk factors and in particular interest rates and credit spreads.

Alpha Bank sells Albanian unit to OTP Bank
News Feed

Alpha Bank sells Albanian unit to OTP Bank

7 December 2021 Editors

Alpha Bann one of the four Greek systemic banks,  has agreed to sell its Albanian subsidiary to Hungary’s OTP Bank,…

Banks close to a deal with Attica for ANEK debt restracture
News

Banks close to a deal with Attica for ANEK debt restracture

7 December 2021 Editors

Banks and Attica Holdings are very close to reaching an agreement for the restructuring of ANEK 258 million euros debt, …

Eurobank sells cards  acquiring business to Worldline for €256 mill
News

Eurobank sells cards acquiring business to Worldline for €256 mill

7 December 2021 Editors

Eurobank has signed a binding agreement with Worldline for the sale of 80% of the bank’s merchant acquiring business, the…

Greek banks slashed NPLs by 38.6 billion euros in one year
News

Greek banks slashed NPLs by 38.6 billion euros in one year

7 December 2021 Konstantinos Papagrigoris

The stock of NPLs for all four systemic banks fell from 55.8 billion euros in the first 9 months of 2020 to 17.2 billion euros at the end of the 9 months of 2021,

Loan servicers recover 1.5 bln euros from NPLs
Featured

Loan servicers recover 1.5 bln euros from NPLs

6 December 2021 Konstantinos Papagrigoris

Debt recoveries from NPLs of 1.535 billion euros were completed by loan management companies in the first half of this year, according to data presented in the Financial Stability Report by the Bank of Greece (BoG).

Greek banks are heading to single digit NPE ratio
News

Greek banks are heading to single digit NPE ratio

3 December 2021 Konstantinos Papagrigoris

With Eurobank already being the first bank in Greece to have achieved a single digit NPE ratio, the other three…

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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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