2021 - Page 62 of 71 - NPL Confidential

News

Strong interest for Ektasis properties, more than 65 binding offers submitted

12 February 2021 Konstantinos Papagrigoris

Tenders for 15 properties belonging to Ektasis Development have drawn strong interest as the company’s special manager accepted more than 65 bids, sources say.

EU is preparing for NPL surge and bankruptcies after support measures expire

12 February 2021 Editors

A European Commission note, prepared for euro zone finance ministers’ talks on Monday, says that thanks to almost 2.3 trillion…

Who is protected from auctions until June

12 February 2021 Konstantinos Papagrigoris

An agreement between the Greek government and official sector creditors has been reached regarding the resumption of property auctions, including main residencies, on June 1, the same day the out-of-court mechanism for settling household and business debts commences under the new bankruptcy law.

Debt enforcement procedures to resume by end of February

11 February 2021 Konstantinos Papagrigoris

The resumption of debt enforcement procedures held before and after property auctions is being heavily debated among Finance Ministry officials with the country’s official sector creditors.

Apollo and Lone stars bid for €1bn AIB NPL mortgages

11 February 2021 Editors

Us private equity funds Apollo and Lone Star are the final bidders vying to acquire a portfolio Npls AIB home loans that were originally worth about €1 billion, according to press reports.

Hercules rules eased for banks, loan servicers

10 February 2021 Konstantinos Papagrigoris

Bank demands for greater flexibility include reporting progress on the recovery process on a quarterly basis, instead of a monthly basis, as well as providing a longer grace period for achieving loan recovery.