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Home2021

Year: 2021

Piraeus Bank in talks with international investors on Terra project
News

Piraeus Bank in talks with international investors on Terra project

14 September 2021 Konstantinos Papagrigoris

The project is not part of the bank’s aggressive balance sheet consolidation actions (Sunrise program) but aims to lighten up the bank’s assets.

Gefyra 1 mortgage subsidy program extended until the end of year
News

Gefyra 1 mortgage subsidy program extended until the end of year

13 September 2021 Editors

The extension of mortgage-installment subsidy program will boost in the near-term collections for banks,.

Greek GDP said to increase by 5,9% in 2021
Highlights

Greek GDP said to increase by 5,9% in 2021

12 September 2021 Editors

Greek prime minister announced also a three-month extension to the Gefyra 1 program, through which the government subsidizes mortgage installments for households hit by the pandemic,

NBG’s Frontier deal to be completed next week
Featured

NBG’s Frontier deal to be completed next week

10 September 2021 Editors

About 150 employees from the National Bank will be transferred to the loan servicer together with the 6-billion-euro loan package

U.K suspends temporary insolvency measures
News

U.K suspends temporary insolvency measures

10 September 2021 Editors

Temporary insolvency restrictions protections are being lifted and new targeted measures to support small business and commercial tenants introduced.

Alpha Bank starts search for Skyline strategic investor
News

Alpha Bank starts search for Skyline strategic investor

9 September 2021 Konstantinos Papagrigoris

Alpha Bank will start in September the process of finding a strategic investor to form a consortium for the development of its real estate.

Residential property prices rise by 4.6% in Q2 2021
News

Residential property prices rise by 4.6% in Q2 2021

9 September 2021 Editors

Home sellers present an inflexible attitude according to a Cerved Property Service analysis. As a result, transactions fell 49.5% year-on-year in Athens last year.

Changes to auctions expected to be voted on by early October
News

Changes to auctions expected to be voted on by early October

8 September 2021 Editors

Bankers, funds and servicers are waiting with great anxiety the removal of an obstacle which has been slowing down efforts…

Staikouras: NPL ratio for Greek banks to fall below  10% in 2022
Highlights

Staikouras: NPL ratio for Greek banks to fall below 10% in 2022

8 September 2021 Editors

According to the data of the Bank of Greece, the non-performing loans of Greek banks amounted, in June 2021, to 29.4 billion euros (20.3% of total loans)

Extension to Gefyra program expected today
News

Extension to Gefyra program expected today

7 September 2021 Editors

Τhere is an additional 50 million euros in the account that can finance the extension of the program.

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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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