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Home2022

Year: 2022

DoValue: New NPEs of 14 billion euros expected 2022 – 2024
News

DoValue: New NPEs of 14 billion euros expected 2022 – 2024

27 January 2022 Konstantinos Papagrigoris

T. Kalantonis : 10 billion euros of non-performing loans that remain on bank balance sheets, with banks continuing either with portfolios sales or through securitizations.

Two thirds of property auctions from funds
News

Two thirds of property auctions from funds

26 January 2022 Konstantinos Papagrigoris

Funds are holding 70.7% of auctions that will take place in 2022. These are over 9,900 auctions that have been posted since the beginning of the year

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.

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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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