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Home2021

Year: 2021

European Commission approves prolongation Hercules  asset protection scheme
News

European Commission approves prolongation Hercules  asset protection scheme

12 April 2021 Editors

The European Commission has approved the prolongation of an existing Greek scheme aiming at supporting the reduction of non-performing loans…

Alpha Bank’s new securitizations boost stock
Featured

Alpha Bank’s new securitizations boost stock

12 April 2021 Editors

Alpha Bank’s stock has increased by 20%  (from 0,90 euros to 1,08 euros) after announced its plans for three new securitizations of 2 billion euros. 

More than 4,000 businesses apply for Gefyra 2 program
News

More than 4,000 businesses apply for Gefyra 2 program

9 April 2021 Editors

Finance Minister Christos Staikouras announced that 4,160 businesses have so far applied for assistance with their monthly mortgage payments under…

Brussels gives green light for Hercules II
News

Brussels gives green light for Hercules II

9 April 2021 Konstantinos Papagrigoris

With Hercules 2, the government enables banks to move ahead with up to 32 billion NPEs securitizations by providing 11-12 billion euros in new state guarantees

Moody’s – Collections on European NPL  securitisations down over 20%
News

Moody’s – Collections on European NPL securitisations down over 20%

8 April 2021 Editors

Despite lower recorded collections, no transactions have used reserve funds to meet payments of senior costs or interest on notes.…

Fitch: Debt collectors performance to recover
News

Fitch: Debt collectors performance to recover

8 April 2021 Editors

The collection of unsecured non-performing loans (NPLs) has been more resilient than that of secured NPLs. Judicial capacity constraints could hinder secured NPL collections

Naftemporiki real estate assets go to doValue
News

Naftemporiki real estate assets go to doValue

8 April 2021 Konstantinos Papagrigoris

On 2/6/2017 Eurobank terminated the contract it had with Naftemporiki due to debts of 6.5 million euros.

The breakdown of NPLs; more than half business debt
News

The breakdown of NPLs; more than half business debt

7 April 2021 Konstantinos Papagrigoris

Non-performing loans held by Greek banks amounted to 47.4 billion euros at the end of December 2020, down 21 billion…

Greek banks cut NPL  stock to EUR47.4bn in 2020
News

Greek banks cut NPL stock to EUR47.4bn in 2020

7 April 2021 Editors

In its Annual Report released yesterday, the Bank of Greece revealed that aggregate domestic NPLs  (excluding off-balance sheet exposures) stood…

Piraeus Bank shareholders to receive for free mezzanine bonds from securitizations with 7%-9% coupon
News

Piraeus Bank shareholders to receive for free mezzanine bonds from securitizations with 7%-9% coupon

7 April 2021 Konstantinos Papagrigoris

In total, the bank’s shareholders are estimated to receive free mezzanine securities, with a nominal value of about 650 million euros, which will annually give a coupon of 50 million euros.

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MOST READ

  • Alpha Bank Completes Project Athena – €200 Million NPL Portfolio Transferred to Fortress 28 September 2026
  • Hercules: Two-Speed Securitisations – Wide Gap in State-Guaranteed Balances 30 September 2026
  • The Mezz Paradox: What the Market Sees in Phoenix, Sunrise and Cairo 2 October 2026
  • Non-performing loans: Rules for debt restructuring are being rewritten 29 September 2026
  • Famar Secures Waiver from Piraeus Bank 28 September 2026
  • Project Athena and the Development of the Loan Market 29 September 2026
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  • Greek Loan Servicers Hunt for ‘Missing’ Borrowers Owing Over €35 Billion
  • Property Auctions Struggle to Attract Buyers Even After Prices Fall by 35%
  • Scope and Moody’s Sound the Alarm on Non-Performing Loans
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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