2022 - Page 38 of 52 - NPL Confidential

Loan restructuring to banks, servicers to be done through portal

6 April 2022 Konstantinos Papagrigoris

All applications for the settlement of loans to banks or management companies will be made digitally through the electronic portal that will be operated by the Bank of Greece

Management of Alpha Bank’s Project Neptune goes to doValue

5 April 2022 Konstantinos Papagrigoris

Another secondary securities loan transaction has taken place, with doValue managing Project Neptune with a gross book value of 500 million euros.

doValue offers online solutions to debtors

4 April 2022 Christos Ziotis

DoValue Greece enters in a new era of digital transformation, adopting quickly to the new facts technology and innovation pose…

ECB tells banks to contain Leverage Transactions

4 April 2022 Editors

Andrea Enria the head of the Single Supervisory Mechanism (SSM) asked from banks to contain their exposure to the so…

IMF says its necessary to speed up resolution of troubled assets

4 April 2022 Editors

The International Monetary Fund after concluding its fourth post-program monitoring mission in the Article IV context (ie the periodic economic…

Two amendments to speed up Katselis cases

4 April 2022 Konstantinos Papagrigoris

Everyone now realizes that the final settlement seems impossible before 2023, ie two years overdue from the initial post-memorandum commitment to adjudicate the approximately 48,000 pending cases of law 3869/2010 in 2021.

Strong interest for Tethys project – Non-binding offers due April9

1 April 2022 Konstantinos Papagrigoris

The Tethys project concerns the sale of a portfolio with non-performing hotel loans totaling 291.4 million euros and is the first sectoral portfolio to go on sale in the secondary market.

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.