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Home2021

Year: 2021

Loans serviced by Credit Servicing Firms increased to €42,845 bill at Q1 2021
News

Loans serviced by Credit Servicing Firms increased to €42,845 bill at Q1 2021

16 June 2021 Editors

In the first quarter of 2021, the nominal value of loans to domestic residents serviced  by domestic CSFs that have…

Τhe role of Serengeti fund in Intrum partnership on Sunrise I
Highlights

Τhe role of Serengeti fund in Intrum partnership on Sunrise I

16 June 2021 Konstantinos Papagrigoris

Τhe entry of Serengeti Asset Management in the Sunrise I project of Piraeus Bank did not surprise anyone in the market.

Auctions to freeze for vulnerable households until spring
News

Auctions to freeze for vulnerable households until spring

16 June 2021 Konstantinos Papagrigoris

A plan to freeze first home auctions until March 2022 for some 100,000 vulnerable households is being prepared by the…

Intrum: 61% of Greek firms are concerned about debtors ability to pay on time
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Intrum: 61% of Greek firms are concerned about debtors ability to pay on time

16 June 2021 Editors

With recession looming, 61 percent of firms say Covid-19 has motivated them to get better at managing the risk of…

Alpha Bank EGM approves EUR0.8bn growth equity raising
Highlights

Alpha Bank EGM approves EUR0.8bn growth equity raising

16 June 2021 Editors

As widely expected, Alpha Bank’s Extraordinary General Meeting held yesterday gave the board authorization to execute an up to EUR0.8bn…

NPE market in for changes after the arrival of Spain’s DEVA Capital
News

NPE market in for changes after the arrival of Spain’s DEVA Capital

16 June 2021 Konstantinos Papagrigoris

The arrival of Spain’s DEVA Capital, through the alledged partnership with Intrum Hellas, will spur changes in the domestic bad debt market

Greek commercial property prices rebound further in 2020
Highlights

Greek commercial property prices rebound further in 2020

15 June 2021 Editors

According to a revised data series published by the Bank of Greece  Greek commercial property prices continued rising for the…

Piraeus Bank signs binding deal with  Intrum-Serengeti for €7.2bn securitization
Highlights

Piraeus Bank signs binding deal with Intrum-Serengeti for €7.2bn securitization

15 June 2021 Editors

The bank has reached definitive agreements with Intrum AB  and Serengeti Asset Management LP for the sale of forty-nine percent (49%) and two percent (2%) of the mezzanine and junior notes of the €7.2bn,   Sunrise I NPE portfolio,.

Hercules II draft bill with the govt’s Secretary General
Highlights

Hercules II draft bill with the govt’s Secretary General

15 June 2021 Konstantinos Papagrigoris

Ministry of Finance, upon the request of interested parties, will be able to extend the grace period up to 30 months.

Piraeus Bank NPLs to hit single digits faster
Featured

Piraeus Bank NPLs to hit single digits faster

14 June 2021 Editors

The signing of the binding agreement between Piraeus and Intrum for the purchase of mezzanine and junior note of the Sunrise 1 securitization is expected in the coming days.

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MOST READ

  • Agreement between doValue, National Bank, and Eurobank for the return of housing loans 26 May 2025
  • Crucial meeting with Pierrakakis, the Bank of Greece, and servicers for non-performing loans 28 May 2025
  • Why are the properties of the servicers not being utilized? 27 May 2025
  • The ECB raises an alarm for financial stability 21 May 2025
  • Reductions in balances in the “Hercules” securitizations in Q1 2025 27 May 2025
  • EU: New delay for Basel III 26 May 2025
News Tags Comments
  • Cepal Hellas: Took over the management of loan portfolios worth 4.8 billion
  • On a portal, all the state housing programs
  • New company by Piraeus Bank and Qualco
  • Minimal interest in the servicers’ platforms
  • Extrajudicial: 20% increase in arrangements after legislative improvements
  • Which servicers are interested in the 50 billion euros of non-performing loans from the insurance funds
  • BoG: New 6.8% rise in apartment prices
  • What Pierrakakis and servicers discussed: How 25,000 properties will be utilized
  • Mylonas (NBG): How restructured NPEs will return to the bank’s portfolio
  • Foreclosures of 900 million by servicers in 2024
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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