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Home2023October

Month: October 2023

Loan restructurings hit 5 bln euros in 9 month period 
Analysis

Loan restructurings hit 5 bln euros in 9 month period 

24 October 2023 Editors

Loan arrangements amounting to 5.1 billion euros between January and September 2023 were carried out by loan management companies (servicers)…

Alpha Bank signs off Project Cell with Hoist Finance
Finance

Alpha Bank signs off Project Cell with Hoist Finance

23 October 2023 Editors

The transfer of Alpha Bank’s Project Cell concerning Non-Performing Exposures (NPEs) without collateral amounting to 1.5 billion euros going to…

New Fin Min bill threatens securitizations
Featured

New Fin Min bill threatens securitizations

23 October 2023 Editors

Loan servicers are expressing their strong dissatisfaction with the bill on the financial sector that the Minister of National Economy…

4 changes aimed at attracting investors to Real Estate Agency
News

4 changes aimed at attracting investors to Real Estate Agency

20 October 2023 Editors

The government is introducing changes aimed at boost investor interest on the state Real Estate Agency that will acquire the…

Cepal receives 3 binding offers for Celestial
Featured

Cepal receives 3 binding offers for Celestial

20 October 2023 Editors

The sale of the NPL portfolio under the Celestial brand by Cepal is entering the final stretch. According to market…

Finance Ministry bill outlines 6 changes for servicers
News

Finance Ministry bill outlines 6 changes for servicers

20 October 2023 Phil Karametos

Specific obligations for servicers in terms of informing, serving and respecting the rights of consumers, in accordance with the relevant…

Out-of-court: Fixed interest rate at 3% for three years – The new improvements
News

Out-of-court: Fixed interest rate at 3% for three years – The new improvements

20 October 2023 Editors

A series of improvements to the out-of-court mechanism, in order to make it more attractive for debtors, are foreseen in…

doValue Greece: New digital services offered to 800,000 borrowers
Experts

doValue Greece: New digital services offered to 800,000 borrowers

19 October 2023 Editors

A series of new digital services support the more than 800,000 borrowers dealt with by doValue Greece. In particular, as…

Intrum to sell package of 475 properties
Featured

Intrum to sell package of 475 properties

18 October 2023 Editors

The CEO of Intrum Hellas, Giorgos Georgakopoulos, has made the decision to immediately proceed with the sale of 475 properties…

Players turn to NPLs secondary market
Global

Players turn to NPLs secondary market

17 October 2023 Editors

  The NPLs market has recently shown signs of fatigue due to the successful effort of European banks to fix…

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  • The role of servicers in the Real Estate Acquisition and Leasing Agency 
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  • Etalia project up for sale by NBG
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  • Breach of agreement for half of the out-of-court settlement mechanism’s arrangements
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  • Swedish FSA closes investigation into Intrum Sweden
  • Banks and servicers await settlement for Swiss franc loans
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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