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Banks to sell 2 bln euros of bad debt
Finance

Banks to sell 2 bln euros of bad debt

21 November 2023 Editors

Banks are putting a ‘for sale’ sign on bad debts amounting to 2 billion euros in an effort to further…

Banks: Three-point plan to deal with NPLs
Featured

Banks: Three-point plan to deal with NPLs

6 November 2023 Phil Karametos

Banks are implementing a three-point plan that will allow them to further reduce their stock of bad debt. As can…

Banks freeze loans, property auctions for flood victims until end of 2023
Featured

Banks freeze loans, property auctions for flood victims until end of 2023

14 September 2023 Editors

  The freezing of loans and auctions for households and businesses affected by the Daniel storm in the Thessaly region…

Banks and servicers resume sale of bad debt
Finance

Banks and servicers resume sale of bad debt

21 June 2023 Editors

Bank and servicers have restarted the sale of NPLs after a – relatively short – break imposed on the one…

Banks agree with Hercules III
Featured

Banks agree with Hercules III

13 June 2023 Editors

The agreement of both banks and servicers on the new extension to the successful Hercules scheme is now across the…

Banks: Goal is to reduce NPLs by 3.1 bln euros by 2025
Highlights

Banks: Goal is to reduce NPLs by 3.1 bln euros by 2025

15 May 2023 Editors

Banks appear focused on further reducing their stock of bad loans so that the NPLs index converges immediately with the…

Over 90 billion euros in loans managed by servicers
Experts

Over 90 billion euros in loans managed by servicers

15 May 2023 Editors

The total value of debt exposure managed by servicers amounts to 90.5 billion euros, with 74% relating to loans belonging…

Finance Ministry wants more support for borrowers from banks
Featured

Finance Ministry wants more support for borrowers from banks

23 March 2023 Editors

The extension of support for borrowers against interest rate increases to more than those considered to be vulnerable was discussed…

Banks: The NPEs map and estimates for new inflows
Featured

Banks: The NPEs map and estimates for new inflows

21 March 2023 Editors

Greek banks are loaded with NPEs amounting to nine billion euros on their balance sheets with the bad debt map…

Banks to recommend loan holders join installment subsidy program
Highlights

Banks to recommend loan holders join installment subsidy program

20 March 2023 Editors

Banks will send a personal letter today to certain categories of borrowers, according to Finance Minister Christos Staikouras. In a…

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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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