March 2022 - NPL Confidential

First 3,000 loan restructuring submitted through out-of-court mechanism

31 March 2022 Konstantinos Papagrigoris

Only 600 cases are the first big wave of applications reaching banks and bad debt managers since the law was passed and the platform of the extrajudicial mechanism was activated,

Moodys says Greek banks can manage new NPLs

30 March 2022 Editors

Moody’ the global rating agency upgraded four Greek systemic banks on Wednseday due to their good potion to manage any new problem loans which may emerge as a consequence of the coronovirus pandemic and recent inflationary pressures.

Ηellenic Petroleum plans to sell a 280m in total portfolio of overdue receivables

30 March 2022 Editors

Hellenic Petroleum plans to sell a c€280m in total portfolio of overdue receivables ELPE has launched a tender to sell…

S&P expects NPL in Greece to fall to 8% in 2022

29 March 2022 Editors

Standard and Poors expects that NPEs to fall to about 8% by the end of 202. The four largest banks…

Increasing trend seen for re-default loan indicators

29 March 2022 Konstantinos Papagrigoris

Re-default loan indicators and default payments available to servicers are showing increasing trends.

Thousands Katselis law cases remain without trial

28 March 2022 Konstantinos Papagrigoris

According to banking officials , 50% of the cases of the Katselis law are still pending, ie about 25,000 cases for which no trial has yet to be set.

Alpha Completes Euro 1.3 billion NPLs to Hoist Finance

28 March 2022 Editors

Alpha Bank announced that completed the disposal of a Portfolio of Retail Unsecured Non-Performing Loans, of a total outstanding balance…

Just 137 borrowers settle debts with out-of-court settlement

27 March 2022 Editors

In February 2022, 12,670 loans were subsidized with 1.4 million euros, which correspond to 7,685 beneficiaries. The total amount of the state subsidy that has been paid to the beneficiaries of the program, until 28.2.2022, amounts to 250.1 million euros.

Binding offers for Ariadne project expected in June

24 March 2022 Konstantinos Papagrigoris

Binding offers for the sale of the “Ariadne” portfolio will be submitted in June, sources say, which includes non-performing loans, with a gross book value of 5.2 billion euros of the banks under special liquidation.