How many phone calls did loan servicers receive (and answer) in the last year?

The president of the Association of Loan and Credit Receivables Management Companies, Tasos Panousis, rang alarm bells on the progress of…

A prolonged recession in Greece will surge defaults and bad loans. A negative impact is also expected on the secondary NPL market. European Commission and the IMF forecast a 10% contraction this year.
Greek banks still carry most of NPLs in their balance sheet.

Transactions in the secondary NPLs market have reached some 10 billion euros, with new projects in the works that will…