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Home2022January

Month: January 2022

JPMorgan Chase agreed to take a 49% stake in Viva Wallet 
News

JPMorgan Chase agreed to take a 49% stake in Viva Wallet 

25 January 2022 Editors

JPMorgan Chase & Co. agreed to take a 49% stake in the Greek payments firm Viva Wallet.  The deal is…

Synthetic securitizations reach 5.4 billion and growing
News

Synthetic securitizations reach 5.4 billion and growing

25 January 2022 Konstantinos Papagrigoris

At a time when the sale of NPL packages through securitizations is gradually being completed, banks are turning to synthetic…

Cerberus is the frontrunner for Alpha Bank’ s €2.2bn Cypriot NPEs portfolio
News

Cerberus is the frontrunner for Alpha Bank’ s €2.2bn Cypriot NPEs portfolio

25 January 2022 Christos Ziotis

By the 24 December deadline, Cerberus allegedly tabled bids for both, Apollo and a Bain-Fortress consortium only for the first sub-tranche and Pimco just for the second.

NPL recovery rate rises to pre-Covid levels
Featured

NPL recovery rate rises to pre-Covid levels

24 January 2022 Konstantinos Papagrigoris

Out of the 30,000 applications submitted to debt settlement platform only 800 have completed the process to settle with creditors.

Piraeus Bank – Intrum Hellas to sell Rio, Alexandroupolis and Corfu casino loans
News

Piraeus Bank – Intrum Hellas to sell Rio, Alexandroupolis and Corfu casino loans

24 January 2022 Konstantinos Papagrigoris

Piraeus Bank and Intrum Hellas, who manage the loans of the Rio, Alexandroupolis, and Corfu loans, are looking for a buyer on the receivables

Piraeus Bank acquires 52% of Trestor for €98mn
News

Piraeus Bank acquires 52% of Trestor for €98mn

21 January 2022 Christos Ziotis

The expected capital impact of the Transaction over the 30 September 2021 total capital ratio of Piraeus Financial Holdings S.A. will be practically neutral.

Oaktree adapts its strategy as default rate recedes.
Global

Oaktree adapts its strategy as default rate recedes.

21 January 2022 Editors

Debt default rates are currently 1 percent a year compared with historical levels of 5 per cent.

Quant bids for Attica Bank, Cooperative Banks NPLs
News

Quant bids for Attica Bank, Cooperative Banks NPLs

20 January 2022 Konstantinos Papagrigoris

Quant is aiming to become a strategic partner of non-systemic banks as it launches a series of agreements in order to take over the management of their sour debt.

Recoveries fall more than 20 pct short of targets due to auction freeze
News

Recoveries fall more than 20 pct short of targets due to auction freeze

20 January 2022 Konstantinos Papagrigoris

  Recoveries of non-performing loan portfolios managed by management companies are more than 20% off-targets due to the freezing of…

Technical Olympic in strategic partnership with Mount Street in NPL market
News

Technical Olympic in strategic partnership with Mount Street in NPL market

19 January 2022 Christos Ziotis

The Joint Venture, which is focused on Greece and Cyprus, has onboarded €33 million of real estate-backed non-performing loans (‘NPL’) in its first month of operation.

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  • Real Estate Acquisition and Leaseback Agency: CRC Emerges as Sole Bidder – Systemic Banks Expected to Join the Scheme
  • Louka Katseli’s response regarding her involvement with Pepper 
  • Borrowers with Swiss franc loans are rushing to take advantage of the favorable terms
  • The government’s 5 measures to address the €240 billion in “red” private debt
  • IMF on servicers: Information on “Hercules” should be strengthened
  • Servicers: Revenues over 550 million and EBITDA 293 million for the “Big 3”
  • Pierrakakis: The Real Estate Acquisition and Leaseback Agency will be operational by the end of fall
  • IMF: Warning for servicers and “Hercules”
  • G. Stournaras: “myth” the triangular transactions between banks and servicers
  • Tsakalotos: the goal is to evolve into a leading European company
Alpha Bank attica bank auctions Bank of Greece Banks Cepal doValue ECB Eurobank HERCULES Intrum Loans National Bank NPEs npl NPLs Piraeus Bank Qualco Real Estate servicers
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