News Feed Archives - NPL Confidential

With official creditors on their side, banks push for auctions to resume

16 April 2021 Konstantinos Papagrigoris Comments Off

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

Piraeus Bank’s board set to announce tomorrow exact terms for cEUR1bn non-pre-emptive share capital increase

15 April 2021 Christos Ziotis Comments Off

Piraeus Bank’s board, after being granted authorization from the 7 April shareholders meeting, is set to announce tomorrow the details…

“Hercules II” 12 billion euros guarantees signed

15 April 2021 Konstantinos Papagrigoris Comments Off

So far, the interest expressed by the four systemic securities for new securitizations amounts to approximately 18.8 billion euros,

Court says acceleration of 37,000 Katselis trials constitutional

14 April 2021 Konstantinos Papagrigoris Comments Off

A total of 70,000 cases are pending at Magistrates’ Courts, but a total of 37,000 cases will be redefined, ie those that will have a trial date set after 2021

Hercules II: Increased grace period for NPL receipts

14 April 2021 Konstantinos Papagrigoris Comments Off

The Ministry of Finance is adopting the request of loan servicers for the further extension, from 24 to 36 months, of the grace period.

The aim is to prevent servicers from being deprived of the right to manage these problem loans and to prevent the activation of state guarantees.

A “knight for NOTOS COM”

13 April 2021 Editors Comments Off

Papaellinas is still looking for the “white knight” for the salvation of his company. So far, the “white knight” who…

Piraeus Bank close to selling EUR0.4bn single-ticket NPEs

13 April 2021 Editors Comments Off

Davidson Kempner and Castelake submitted binding bids for Logothetis EUR400 million NPLs.

Eurobank in the final stretch on sale of POS arm

13 April 2021 Konstantinos Papagrigoris Comments Off

The CEO of Eurobank Fokion Karavias has made considerable progress in negotiations for the sale of the POS clearing business and the price that the bank will receive is over 250 million euros.