Phoenix Archives - NPL Confidential

Piraeus Bank: NDAs to be sent out to international investors on Phoenix project

16 June 2020 Konstantinos Papagrigoris Comments Off

Piraeus Bank chief executive Christos Megalou has given the order to top officials to speed up procedures concerning two securitizations that had been planned ahead of the pandemic (project Phoenix and project Vega), according to sources.

Piraeus Bank takes steps on key securitizations and hive down

2 June 2020 Konstantinos Papagrigoris Comments Off

In the context of the hive down process, the bank will make all the necessary preparations for the securitization of non-performing exposures (NPEs) with a book value pre provisions of 7 billion euros via the Phoenix (2 billion euros) and Vega (5 billion euros) portfolios.