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Servicers will also ask Greece’s official lenders to review goals they have set for the recovery from the NPLs securitizations through “Hercules”,

The UCI group has set up the RETAMA real estate company with shareholders Banco Santander and BNP Paribas (which already…

The tender process for the sale of problem loans issued to shipowner George Logothetis by Piraeus Bank is evolving into a real battle between the US funds Davidson Kemper and Castle Lake.

They request more flexibility on business plans and the extension of the grace period for the imposition of penalties in case of failures in the execution of business plans of securitizations. to 36 months

The total private debt significantly increased in 2020, compared to 2019, amounting to 242.6 billion euros according to the Parliamentary Budget Office

The new law for the Asset Protection Scheme, Hercules 2 will be voted by April 10th, George Zavvos Deputy Finance Minister said at the NPL Summit. 

Piraeus Bank announces EUR1bn non-pre-emptive capital increase to facilitate fast-track de-risking. The bank aims to reduce NPE ratio below 9% NPE in a year, from 35% currently.  

The bans enters into a binding agreement for a synthetic (virtual) securitization of performing SME and corporate loans