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Home2021

Year: 2021

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…

Over-indebted Hydra Beach hotel avoids auction thanks to state subsidy
Featured

Over-indebted Hydra Beach hotel avoids auction thanks to state subsidy

27 September 2021 Editors

All of these recent years, Tullio Santoni has been struggling to collect a respectable amount (5.6 million) from the state.

DTC problem solved for Greek banks; path opens for single digit NPEs
News

DTC problem solved for Greek banks; path opens for single digit NPEs

24 September 2021 Editors

Banks can thus complete the plan to drastically reduce their NPLs with the securitization of Hercules II but also the sales of NPLs portfolio.

Gefyra 1: Agreement reached for 3-month extension with cut to subsidy
Featured

Gefyra 1: Agreement reached for 3-month extension with cut to subsidy

23 September 2021 Konstantinos Papagrigoris

The program will be extended until the end of December with a reduction in the state subsidy by 40% for the last quarter of the year.

Citigroup estimates Greece GDP to grow 8.8% in 2021
News

Citigroup estimates Greece GDP to grow 8.8% in 2021

23 September 2021 Editors

  Citigroup upgraded its forecast for growth in Greece in 2021 to 8.8% irom 5.3% previously, however limiting its forecast…

Ariadni’s estimated recoverables at 1.3 bln euros
News

Ariadni’s estimated recoverables at 1.3 bln euros

23 September 2021 Editors

 PQH is expected to put up for sale the “Ariadni” portfolio in October.The the target of Ms. Tania Sousari,  PQH CEO is the transaction on to be completed within the first half of 2022

EU: Decrease in Greek bank’s NPLs to resume from Q2 2021
Highlights

EU: Decrease in Greek bank’s NPLs to resume from Q2 2021

22 September 2021 Editors

The four systemic Greek banks plan to dispose an additional €24 billion of non-performing loans by the end of 2021, making use of the recent extension of the scheme.

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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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