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Home2021

Year: 2021

Eurozone banks tighten lending due to Covid NPLs
News

Eurozone banks tighten lending due to Covid NPLs

20 January 2021 Editors

Eurozone banks expect to tighten access to credit further in the first quarter of this year, the European Central Bank’s…

QQuant increases share capital by 4.3 mln euros
News

QQuant increases share capital by 4.3 mln euros

20 January 2021 Editors

The share capital increase of QQuant Master Servicer has been completed, an amount reaching 4.3 million euros, in a decision made at the general shareholders meeting.

EU finance ministers, are preparing an action plan to tackle NPLs
Featured

EU finance ministers, are preparing an action plan to tackle NPLs

20 January 2021 Editors

The proposals were discussed at the EU finance ministers’ video conference on Tuesday. Measures against bad loans as a result of the corona crisis are important for financial stability, said Finance Minister Olaf Scholz (SPD). He did not rule out a “significant increase” in NPLs.

HIG reaches deal with Piraeaus Bank, National Bank on Halyvourgiki loans
News

HIG reaches deal with Piraeaus Bank, National Bank on Halyvourgiki loans

20 January 2021 Konstantinos Papagrigoris

With these two acquisitions, including the 53 million euro loans acquired from Eurobank, HIG has received 143 million euros in claims, with Alpha Bank still being the company’s largest creditor with the debt of 170 million euros.

Seanergy Maritime (Cl. Restis) agreed on a debt restructure
News

Seanergy Maritime (Cl. Restis) agreed on a debt restructure

19 January 2021 Editors

he company (major shareholder is  Claudia Resti,  Victor Resti’s sister) announced that it has completed agreements with creditors for the restructuring of loans and convertible bonds, amounting to $179 million.

Handelsblatt: Billions of NPLs prompt  new worries on  Greece’s banks
Featured

Handelsblatt: Billions of NPLs prompt new worries on Greece’s banks

19 January 2021 Editors

The pandemic is setting Greek financial institutions back as they consolidate their balance sheets. Central bank chief Stournaras warns of new loan defaults.

Bank of Cyprus sells €545 mill of NPLs to PIMCO
News

Bank of Cyprus sells €545 mill of NPLs to PIMCO

18 January 2021 Editors

Bank of Cyprus Holdings Public Limited Company announced that it has reached an agreement with funds affiliated with Pacific Investment…

Goldman Sachs takes on all big state, banking contracts – the role of Harry Eliades
News

Goldman Sachs takes on all big state, banking contracts – the role of Harry Eliades

18 January 2021 Konstantinos Papagrigoris

One after the other, Goldman Sachs has been taking on all of the major contracts from the state and systemic banks lately.

Govt, banks agree on immediate launch of Hercules II
Highlights

Govt, banks agree on immediate launch of Hercules II

18 January 2021 Konstantinos Papagrigoris

Banks stressed that the across-the-board freezing of auctions is detrimental to the effort to further reduce problem loans through the “Hercules” securitizations.

“Kallimanis” falls into Turkish hands
News

“Kallimanis” falls into Turkish hands

18 January 2021 Editors

Finally, all the well-known Greek investors, who had initially expressed interest in the acquisition of Kallimani, backed down. The question…

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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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