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Home2021

Year: 2021

Deus ex Machina
News

Deus ex Machina

9 March 2021 Editors

Ηopes have emerged for a last gasp solution to the historic factory of “Pitsos” in the area of ​​Renti after…

The pivotal role of Italy’s Cerved in the architecture of Frontier project
Highlights

The pivotal role of Italy’s Cerved in the architecture of Frontier project

9 March 2021 Konstantinos Papagrigoris

Italian debt management group Cerved has been credited with designing National Bank’s (NBG) Frontier Project, a bad loan portfolio sale…

Asset Management Companies have securitized 32,1bn.euros NPLs  between 2018-20
Analysis

Asset Management Companies have securitized 32,1bn.euros NPLs between 2018-20

8 March 2021 Editors

Asset Management Companies (AMCs)  are adequate tools to deal with NPLs, but their efficiency varies between simpler tasks (e.g., disposal)…

NPEs fall to 25% but 35 bln euros of bad debt still held by banks
Featured

NPEs fall to 25% but 35 bln euros of bad debt still held by banks

8 March 2021 Konstantinos Papagrigoris

The Government is said to apply to European Commission for the extension of the Asset Protection Scheme, known as Hercules II

Angelopoulos protests bank move to put company in special manaagement
Highlights

Angelopoulos protests bank move to put company in special manaagement

6 March 2021 Editors

The Angelopoulos family has reacted strongly to a move by National Bank (NBG) to put Halyvourgiki under a special management regime. They claim that NBG’s management is carrying out a mission to the detriment of its interests and those of its shareholders.

Auctions frozen only in Greece and Hungary
News

Auctions frozen only in Greece and Hungary

5 March 2021 Konstantinos Papagrigoris

President of doValue Greece, Theodore Kalantonis, stated his opposition to the adoption of across-the-board measures for auctions and enforcement measures. Servicers will manage more than 200.000 properties.

Company consolidation process under new bankruptcy law commences
Featured

Company consolidation process under new bankruptcy law commences

4 March 2021 Editors

The process of consolidation of over-indebted companies started March 1, according to Greece’s new bankruptcy code (Law 4738/20).

Νational Bank received four non-binding bids for EUR6.1bn Frontier NPE securitization
News

Νational Bank received four non-binding bids for EUR6.1bn Frontier NPE securitization

4 March 2021 Editors

National Bank of Greece,  finally received at least four non-binding bids about its upcoming Frontier securitization of EUR6.1bn NPEs, according…

Piraeus Bank eyes two new NPE securitizations over  EUR10bn
Highlights

Piraeus Bank eyes two new NPE securitizations over EUR10bn

4 March 2021 Editors

Piraeus Bank  considers two new NPE securitizations totaling over EUR10bn in 2021-22, NPL Confidential had reported on February 4th that…

National Bank calls for Halyvourgiki to be put in special management
Highlights

National Bank calls for Halyvourgiki to be put in special management

4 March 2021 Editors

National Bank filed on February 23 an application with the Athens Single-Member Court of First Instance for the inclusion of Halyvourgiki in a special management regime. The bank has receivables of over 296 million euros from the company

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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
  • The loss per bank for loans under the Katseli Law 14 August 2026
  • Cepal to Distribute €15 Million Dividend Following Strong 2025 Performance 13 August 2026
  • Piraeus Bank to securitize step-up loans as 70% conversion target proves challenging 25 August 2026
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  • New company from Cepal with capital of 8 million
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  • 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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