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Home2022February

Month: February 2022

Loan servicers set up real estate subsidiaries
News

Loan servicers set up real estate subsidiaries

16 February 2022 Konstantinos Papagrigoris

  Debt management companies are setting up real estate companies (ROE) in order to face the next and most demanding phase…

EBRD helps Turkey to tacle NPLs
News

EBRD helps Turkey to tacle NPLs

15 February 2022 Editors

In a move to help Turkey tackle the expected increase in non-performing loans (NPLs) in its banking sector due to…

Piraeus Bank: the 5 steps to reduce NPEs to 7% in H1
Featured

Piraeus Bank: the 5 steps to reduce NPEs to 7% in H1

15 February 2022 Konstantinos Papagrigoris

n the first half of this year, the bank is expected to securitize up-to-date mortgage and business loans of 2.5 billion euros and through this process reduce the risk of its weighted assets by 1.2 billion euros

Alpha Bank completing “Project Sky”
News

Alpha Bank completing “Project Sky”

14 February 2022 Christos Ziotis

The completion of “Project Sky”, the largest sale of NPL portfolio ever carried out by a Greek bank and the…

Debt payments instead of Valentine’s present
News

Debt payments instead of Valentine’s present

14 February 2022 Editors

Consumers in Greece, Romania, Spain, and Ireland are also among those who are quick to limit their romantic spending.

Alpha Banks sells 2.4 billion euros NPLs to Cerberus
News

Alpha Banks sells 2.4 billion euros NPLs to Cerberus

14 February 2022 Editors

AlphaBank entered into a binding agreement with Cerberus for the sale of a Cypriot portfolio of nonperforming loans and real estate properties with a total gross book value of Euro NPL2.4 billion (Project Sky). The biggest NPL sales in the Greek market.

PQH expectations on Ariadne sale dropping
Featured

PQH expectations on Ariadne sale dropping

11 February 2022 Editors

Expectations are being lowered on the amount that PQH can receive from the NPL sale package of 5.5 billion euros known as the ARIADNE Project.

Steggos family makes dynamic entry into NPL market
News

Steggos family makes dynamic entry into NPL market

10 February 2022 Konstantinos Papagrigoris

The Steggos family of Technical Olympic is making a dynamic entry into the NPL market and electronic auctions, anticipating significant…

EBA stops banks from buying back cured loans
Featured

EBA stops banks from buying back cured loans

10 February 2022 Konstantinos Papagrigoris

The European Banking Authority is blocking for at least the next year’s plans by banks to gradually proceed with the repurchase of cured loans from loan servicers.

ECB: Greek banks to step up the pace of offloading bad debt
News

ECB: Greek banks to step up the pace of offloading bad debt

9 February 2022 Editors

Greek banks have made substantial “substantial progress” in offloading bad debt, while the pandemic’s impact on newer credit has so…

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MOST READ

  • Banks: €10 billion in liquidity from synthetic securitizations 30 December 2025
  • Cairo Mezz Plc: Proceeds with the sale of part of its loan portfolio 9 January 2026
  • Source: Eurokinissi EFKA: Collection of insurance debts exceeding €50 billion in private hands 7 January 2026
  • The sale of Cairo III will be finalized in early February 12 January 2026
  • Alpha Bank: Target revenue of €50 million from leases in 2026  5 January 2026
  • Tzirakian: New 4-year loan repayment plan with Piraeus Bank and doValue 9 January 2026
News Tags Comments
  • 12.005 auctions were posted for 2026
  • Scope for European Banks: Bad Loans and Risks
  • Intrum announces sale of portfolios for EUR 215m, above book value
  • The sale of Cairo III will be finalized in early February
  • When will the new platform for auction appeals go live?
  • Cairo Mezz Plc: Proceeds with the sale of part of its loan portfolio
  • Tzirakian: New 4-year loan repayment plan with Piraeus Bank and doValue
  • The European Court of Justice will decide on penalties for servicers
  • Capital reduction for INTRUM BTB
  • Starbucks’ NPEs at Eurobank, Alpha, and Piraeus
Alpha Bank attica bank auctions Bank of Greece Banks Cepal doValue Eurobank extrajudicial mechanism HERCULES Intrum Loans National Bank NPEs npl NPLs Piraeus Bank Qualco Real Estate servicers
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