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Home2021

Year: 2021

Loan servicers help fire victims, call off enforcement for 6 months
News

Loan servicers help fire victims, call off enforcement for 6 months

10 August 2021 Editors

Member companies of the Loan and Credit Claims Management Association have announced initiatives to support the fire victims.

Fitch  ΝPLs in Greece could fall below 10% by end-2022
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Fitch ΝPLs in Greece could fall below 10% by end-2022

8 August 2021 Editors

The aggregated impaired loan ratio for the four largest Greek banks has decreased to about 25% at end-March 2021 from 39% at end-2019, largely driven by sizeable securitisations of impaired loans making use of the Hercules

Piraeus Bank applies for inclusion of “Sunrise II” in “Hercules II”
News

Piraeus Bank applies for inclusion of “Sunrise II” in “Hercules II”

6 August 2021 Editors

Piraeus Bank is the second bank to apply for the “Hercules II” program, for which a total of three applications have been submitted.

National Bank: NPEs index seen at 6% in 2022
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National Bank: NPEs index seen at 6% in 2022

6 August 2021 Konstantinos Papagrigoris

NBG is heading to an NPL index of 6% in 2022 (non-performing loans of 1.8 billion euros). The formation of new problem loans in 2021 – 2022 will amount to 1.4 billion euros, of which the maximum impact of moratoria due to Covid is estimated at 600 million euros.

Piraeus Bank targets NPE drop to 3.6 bln euros by start of 2022
News

Piraeus Bank targets NPE drop to 3.6 bln euros by start of 2022

5 August 2021 Konstantinos Papagrigoris

The completion of 80% of the Sunrise plan in less than 6 months, was announced by the bank’s management to analysts during the presentation of its first half-year results.

Standard & Poors, Greek banks showed reasonable resilience
News

Standard & Poors, Greek banks showed reasonable resilience

4 August 2021 Editors

The Global rating agency in a report says that some of the leading Greek banks showed reasonable resilience, doubtless aided…

Nexi buys 51% of Alpha Bank’s payment business  for 157 million euros
News

Nexi buys 51% of Alpha Bank’s payment business for 157 million euros

3 August 2021 Christos Ziotis

The Italian payment firm Nexi signed a memorandum of understanding to buy a 51% stake of Alpha Bank’s retailers payment business, which will be spun off in a separate company

EBRD and Alpha Bank lend  €105 million to Cepal to boost NPL resolution
News

EBRD and Alpha Bank lend €105 million to Cepal to boost NPL resolution

3 August 2021 Editors

Investment will support Project Galaxy, the largest NPL securitisation transaction in Greece.

Intrum Hellas brings 1 bln euros of loans up-to-date in 2020 
News

Intrum Hellas brings 1 bln euros of loans up-to-date in 2020 

3 August 2021 Konstantinos Papagrigoris

Loans amounting to 1 billion euros were taken out of the problem basket by Intrum Hellas, with company paying back to Piraeus Bank regulated business debt amounting to 300 million euros.

Alpha Bank picks up push to reduce NPEs
News

Alpha Bank picks up push to reduce NPEs

2 August 2021 Konstantinos Papagrigoris

The group has decided to expand the Cosmos securitization, which now includes domestic loans with a gross book value of 3.5 billion euros from 2 billion euros previously

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MOST READ

  • Inspections by the Bank of Greece for the business plans of Servicers 17 August 2026
  • Objections to Seizures 18 August 2026
  • Digital Platform for Non-Performing Loans 18 August 2026
  • Piraeus Bank to securitize step-up loans as 70% conversion target proves challenging 25 August 2026
  • The loss per bank for loans under the Katseli Law 14 August 2026
  • Step-up loans: Servicers set to take over unresolved portfolios by end-2026 14 August 2026
News Tags Comments
  • New company from Cepal with capital of 8 million
  • Katseli law loans: Banks and servicers race to finalise new repayment schedules by November
  • Alpha Bank aims for a 1 billion real estate portfolio
  • Bank of Cyprus Held €341 Million in REOs
  • Piraeus Bank to securitize step-up loans as 70% conversion target proves challenging
  • The net profits of the four largest servicers reached 122 million euros in 2025
  • Swiss franc loans: New extension under consideration as more than 19,000 borrowers apply
  • Digital Platform for Non-Performing Loans
  • Objections to Seizures
  • Green light from the Competition Protection Commission for the KEDIPES-Eurobank deal for “red” loans of €361 million
Alpha Bank attica bank auctions Bank of Greece Banks Cepal doValue Eurobank HERCULES Intrum Loans National Bank NPEs npl NPLs Piraeus Bank Qualco Real Estate servicers Supreme Court
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