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Home2023February

Month: February 2023

Auctions: Supreme Court rules in favor of funds
Featured

Auctions: Supreme Court rules in favor of funds

10 February 2023 Editors

With a majority (56-9), the Plenary of the Supreme Court, has ruled in favor of funds. The court decided that…

Cyprus NPL index at 10.5%
Global

Cyprus NPL index at 10.5%

10 February 2023 Editors

Nonperforming loans in the Cyprus banking system remained virtually unchanged in November, with the NPL rate to total loans unchanged…

Enria (SSM): “Bad debt at a historic low in Europe”
Interviews

Enria (SSM): “Bad debt at a historic low in Europe”

10 February 2023 Editors

Andrea Enria, the chairman of the supervisory board of the European Central Bank (ECB), pointed out the low stock of…

Out-of-court mechanism: Interest rate on loan restructurings reduced
Featured

Out-of-court mechanism: Interest rate on loan restructurings reduced

10 February 2023 Editors

Finance Minister Christos Staikouras announced a legislative initiative to improve the out-of-court mechanism and speed up debt settlements yesterday from…

Olympus Bank: The NPLs, the agreement with Quant and the “lock”
News

Olympus Bank: The NPLs, the agreement with Quant and the “lock”

9 February 2023 Editors

The Bank of Greece (BoG) has proceeded with the revocation of the operating license of Olympus Bank, placing it under…

How many borrowers could the Real Estate Agency cover?
Featured

How many borrowers could the Real Estate Agency cover?

9 February 2023 Editors

About 136,000 vulnerable borrowers behind on paying back loans exceeding 11.3 billion euros, could be covered by the Real Estate…

Haircuts of more than 30% for out-of-court settlements
Featured

Haircuts of more than 30% for out-of-court settlements

8 February 2023 Editors

Banks and Finance Ministry officials are trying to strengthen interest in the out of court mechanism by offering debt haircuts…

Loan management companies target first half restructurings of 3.2 bln euros
Editorial

Loan management companies target first half restructurings of 3.2 bln euros

7 February 2023 Editors

Loan management companies are aiming for first half restructurings of 3.2 billion euros, up more than 30% compared to the…

Intrum Hellas breaks portfolio into 7 parts, holds talks with investors
Featured

Intrum Hellas breaks portfolio into 7 parts, holds talks with investors

7 February 2023 Editors

Intrum Hellas is pushing ahead with NPLs deal on the secondary market with a different structure and characteristics in comparison with…

Project Skyline: Dimand – Premia and Alpha Bank binding agreement for 573 properties
Featured

Project Skyline: Dimand – Premia and Alpha Bank binding agreement for 573 properties

6 February 2023 Editors

Alpha Bank signed a binding agreement with the consortium of Dimand – Premia Properties for the utilization of the Skyline…

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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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