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Homeservicers

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Extrajudicial mechanism: 1 in 4 debtors reject proposals
Featured

Extrajudicial mechanism: 1 in 4 debtors reject proposals

15 August 2023 user 02

The rate of restructuring proposals rejected by debtors, within the framework of the out-of-court private debt restructuring mechanism, remains at…

Servicers: Loan arrangements hit 3.6 bln euros in H1
Featured

Servicers: Loan arrangements hit 3.6 bln euros in H1

28 July 2023 Editors

  In the first half of the year, Loan Management Companies (servicers) proceeded with loan restructurings that exceeded 3.6 billion…

What information servicers are obliged to disclose to borrowers
Editorial

What information servicers are obliged to disclose to borrowers

28 July 2023 Editors

The information recommended to be included in national registers – lists, with the aim of improving transparency for credit buyers…

Servicers are under Bank of Greece microscope
Featured

Servicers are under Bank of Greece microscope

25 July 2023 Phil Karametos

The Bank of Greece is set to soon conduct a thorough inspection of all active loan servicers. The Governor of…

The new code of conduct for servicers
Experts

The new code of conduct for servicers

13 July 2023 Editors

Improvements to the extrajudicial mechanism, the new code of ethics, as well as alternative proposals for the operation of the…

Increase in stage 2 loans poses a headache for banks, supervisors
Editorial

Increase in stage 2 loans poses a headache for banks, supervisors

6 July 2023 Editors

The NPLs index may be decreasing, however, the course of stage 2 loans is on the rise, causing a headache…

Loan restructurings are moving along but subsidies program hits a wall
Featured

Loan restructurings are moving along but subsidies program hits a wall

27 June 2023 Editors

  Loan arrangements of around 700 million euros are being made on a monthly basis, according to estimates by servicers.…

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…

Servicers are weighing up broadening of operations
Featured

Servicers are weighing up broadening of operations

21 June 2023 Editors

Servicers are considering entering into loan refinancing by obtaining a broader operating license in order to be able to finance…

Servicers get into loan refinancing
Featured

Servicers get into loan refinancing

16 June 2023 Editors

  Debt management companies are considering the possibility of expanding their license to cover loan refinancing in an attempt to…

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Alpha Bank attica bank auctions Bank of Greece Banks Cepal doValue doValue Greece Eurobank HERCULES Intrum Loans National Bank NPEs npl NPLs Piraeus Bank Qualco Real Estate servicers
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