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Home2021

Year: 2021

“Hercules II” 12 billion euros  guarantees signed
Featured

“Hercules II” 12 billion euros guarantees signed

15 April 2021 Konstantinos Papagrigoris

So far, the interest expressed by the four systemic securities for new securitizations amounts to approximately 18.8 billion euros,

Court says acceleration of 37,000 Katselis trials constitutional
News

Court says acceleration of 37,000 Katselis trials constitutional

14 April 2021 Konstantinos Papagrigoris

A total of 70,000 cases are pending at Magistrates’ Courts, but a total of 37,000 cases will be redefined, ie those that will have a trial date set after 2021

Hercules II: Increased grace period for NPL receipts
News

Hercules II: Increased grace period for NPL receipts

14 April 2021 Konstantinos Papagrigoris

The Ministry of Finance is adopting the request of loan servicers for the further extension, from 24 to 36 months, of the grace period.

The aim is to prevent servicers from being deprived of the right to manage these problem loans and to prevent the activation of state guarantees.

A “knight for NOTOS COM”
News

A “knight for NOTOS COM”

13 April 2021 Editors

Papaellinas is still looking for the “white knight” for the salvation of his company. So far, the “white knight” who…

Piraeus Bank close to selling EUR0.4bn single-ticket NPEs
News

Piraeus Bank close to selling EUR0.4bn single-ticket NPEs

13 April 2021 Editors

Davidson Kempner and Castelake submitted binding bids for Logothetis EUR400 million NPLs.

Eurobank in the final stretch on sale of POS arm
News

Eurobank in the final stretch on sale of POS arm

13 April 2021 Konstantinos Papagrigoris

The CEO of Eurobank Fokion Karavias has made considerable progress in negotiations for the sale of the POS clearing business and the price that the bank will receive is over 250 million euros.

ECB NPLs fell to 2.63% in Q4 2020
News

ECB NPLs fell to 2.63% in Q4 2020

12 April 2021 Editors

The aggregate non-performing loans (NPL) ratio of EU banks (significant institutions )  fell to 2.63% in the fourth quarter of…

UCI sets up real estate company RETAMA
Featured

UCI sets up real estate company RETAMA

12 April 2021 Editors

The UCI group has set up the RETAMA real estate company with shareholders Banco Santander and BNP Paribas (which already…

Cyprus:  NPLs fell by EUR3.86 billion in 2020
Global

Cyprus: NPLs fell by EUR3.86 billion in 2020

12 April 2021 Editors

Banks in Cyprus reduced their Non-performing loans (NPLs) by €3.86 billion  to €5.11 billion at the end of 2020,  according to…

Qualco to act as sub servicer in PPC’s EUR325m securitization
News

Qualco to act as sub servicer in PPC’s EUR325m securitization

12 April 2021 Editors

PPC (DEH)  signs second receivables securitization securing EUR325m non-recourse financing. Qualco will act as sub-servicer), Deutsche Bank will be the…

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News Tags Comments
  • NPLs are decreasing in the EU
  • Statistics on loans serviced by Credit Servicing Firms (CSFs)
  • Ministry of Finance: There is no risk of the state guaranties for “Hercules” collapsing
  • Real estate agency: With a €100 million “fund,” the announcement of the second phase of the tender
  • Sallas, “Hercules,” the banks, and Alabasi
  • The ECB targets NPLs of cooperative banks
  • The competition for the Real Estate Acquisition and Leasing Agency lasted five years
  • Cepal takes first place in regulatory approvals in August
  • Elena Stassi: From the Aktor Group to Qualco
  • New company from QUALCO
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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