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Home2021

Year: 2021

Banks, debt companies restructure loans worth 32 bln euros
News

Banks, debt companies restructure loans worth 32 bln euros

8 November 2021 Editors

Banks and debt management companies have restructured 563,823 loans (housing, consumer and business loans) amounting to 32 billion euros, according to data from the Finance Ministry.

Loan restructurings via out-of-court mechanism stumble
News

Loan restructurings via out-of-court mechanism stumble

8 November 2021 Konstantinos Papagrigoris

The scant results on debt restructuring completed through the electronic platform of the new Second Chance Code so far are…

Alpha Bank receives more than 10 non binding bids for Skyline project
News

Alpha Bank receives more than 10 non binding bids for Skyline project

8 November 2021 Editors

interest is expected to be strong with most of the 15 investors who were present in the Virtual Data Room coming up with a binding offer. The names of Bain Capital, Davidson Kempner, Oaktree, Pimco, Lonestar, Dromeus Capital (Blackstone), Prodea / Invel, HiG

Hellenic Halyvourgia consolidation plan by HIG – Alpha Bank
Highlights

Hellenic Halyvourgia consolidation plan by HIG – Alpha Bank

8 November 2021 Editors

The plan envisages, among other things, the bold restructuring of its debt and has the consent of the company’s main lenders, namely Alpha Bank and HIG.

Stournaras: Restructure of private debt  by NPL Servicers is prerequisite for Hercules success
News

Stournaras: Restructure of private debt by NPL Servicers is prerequisite for Hercules success

5 November 2021 Editors

Bank of Greece governor Giannis Stournaras said that although sour debt held by banks has been slashed, it has not…

Bids on Alpha Bank’s Skyline due today
Featured

Bids on Alpha Bank’s Skyline due today

5 November 2021 Konstantinos Papagrigoris

The names of Bain Capital, Davidson Kempner, Oaktree, Pimco, Lonestar, Dromeus Capital (Blackstone), Prodea / Invel, HiG etc. have been heard among the large foreign investors specializing in real estate who participated in VDR.

European Commission clears Gefyra 3month extension
News

European Commission clears Gefyra 3month extension

4 November 2021 Christos Ziotis

Total support of 400 million euros to 86.136 borrowers have offered, until today for GEFYRA I and II programs

EBRD expects Greek GDP to increase 7% in 2021
Highlights

EBRD expects Greek GDP to increase 7% in 2021

4 November 2021 Editors

EBRD expects robust growth for the Greek economy in the short term, at 7% in 2021 and 3,9% in 2022.…

A.Enria: Eurozone banks expect a further drop in NPLs
News

A.Enria: Eurozone banks expect a further drop in NPLs

4 November 2021 Editors

Eurozone banks expect a further drop in the number of soured loans on their books, a projection that may be…

Banca Ifis buys 2.8 bln euros NPLs from Cerberus
News

Banca Ifis buys 2.8 bln euros NPLs from Cerberus

3 November 2021 Editors

The Italian bank Ifis announced that it had bought 2,8 billion euros of unsecured loans from US fund Cerberus, ts biggest-ever…

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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 Real Estate servicers SSM
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