Featured Archives - NPL Confidential

Greek banks are heading to single digit NPE ratio

3 December 2021 Konstantinos Papagrigoris

With Eurobank already being the first bank in Greece to have achieved a single digit NPE ratio, the other three…

Alpha Bank, NPE ratio to reach 13% by end of 2021

30 November 2021 Editors

Alpha Bank said that NPE ratio in Greece contracted to 16,6% at Q3 2021 and that “it is on track to reach 13% by year end and a single-digit by mid-2022.

New owner of Minion expected in the week

23 November 2021 Konstantinos Papagrigoris

Five investors submitted offers to Folli Follie yesterday for the historic property in Omonia Square that housed the Minion department store.

Binding offers for Piraeus Bank’s Dory project expected by Monday

18 November 2021 Konstantinos Papagrigoris

Bids will be submitted by Bank of America, Davidson Kempner, Entrust and Fortress, while some of the interested parties have partnered with third-party investors.

Piraeus Bank 1.3 bln euro securitization being done in 2 stages

16 November 2021 Konstantinos Papagrigoris

The bank has entered into a binding agreement with Christofferson, Robb & Company (CRC) for the synthetic securitization of 500 million euros serviced loans to small, medium, and large enterprises

Servicers to soon sell back cured loans to banks

15 November 2021 Editors

In the two years 2020 – 2021, 3.8 billion euros of bad loans were restructured and converted from NPE into performing

Stournaras calls on Servicers to offer sustainable solutions to borrowers

13 November 2021 Editors

The central bankers urged Servicers to offer to their clients sustainable solutions for their loans

Alpha Bank moves ahead with sale of Orbit, Sky projects

12 November 2021 Konstantinos Papagrigoris

Alpha Bank’s goal is to reduce its NPE ratio to 13% by the end of this year and to single digits in the first months of next year.

Pireaus Bank agrees with Serengeti – Intrum on sale of 2.7 bln euro NPE portfolio

9 November 2021 Christos Ziotis

The implied valuation for the Transaction corresponds to 47.4% of the portfolio gross book value

Bids on Alpha Bank’s Skyline due today

5 November 2021 Konstantinos Papagrigoris

The names of Bain Capital, Davidson Kempner, Oaktree, Pimco, Lonestar, Dromeus Capital (Blackstone), Prodea / Invel, HiG etc. have been heard among the large foreign investors specializing in real estate who participated in VDR.