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HomeFinance Minister Kostis Hatzidakis

Finance Minister Kostis Hatzidakis

Banks: Two solutions for Swiss franc borrowers
Featured

Banks: Two solutions for Swiss franc borrowers

15 November 2024 Christos N Konstas

Banks are in open communication with the government in regards to the major issue of Swiss franc borrowers as they…

Servicers are pushing for changes to out-of-court algorithm
Analysis

Servicers are pushing for changes to out-of-court algorithm

7 September 2023 Christos N Konstas

Loan servicers are in continuous negotiations with the Finance Ministry in a bid order to come up with a way…

Hatzidakis – Alambasis discuss improvements to extrajudicial system
Featured

Hatzidakis – Alambasis discuss improvements to extrajudicial system

5 September 2023 Christos N Konstas

Finance Minister Kostis Hatzidakis had a meeting with the General Secretary of the Financial Sector and Private Debt Management Theoni Alambasis yesterday in order to define a new framework for improvements for the extrajudicial mechanism.

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  • Over half a billion in debts were restructured by the Servicers in July
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  • Out-of-court mechanism: Record 82.1% of applications approved – €4.26 billion in debts have been “written off”
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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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