the insider’s guide

Green light for guarantees in Cairo project from Hercules plan

Despite the turmoil suffered by the economy due to the pandemic, the Finance Ministry, banks, and loan servicers have been drawing on all means, including the Hercules plan, to reduce existing non-performing loans and manage the new wave of bad debt expected.

S&P: NPL servicers in Greece could face liquidity problems and overstep restructuring plans

Measures taken to curtail the spread of COVID-19, could make the ambitious task of selling over €30 billion of NPLs in 2020 using “Hercules” more difficult for Greek banks, says credit rating agency.

Govt calls on banks, loan servicers for details on bad loans caused by coronavirus

Servicers are requested to submit to the Secretary Special for Private Debt Management data on bad loans resulting from the lockdown. in their portfolios that are the result of lockdown.

Alpha Bank moves ahead with Galaxy project

Alpha Bank is working on the transaction through the transfer and securitization of loans and other credit (consumer, housing, and business) to special purpose companies (SPVs) established for this purpose.

As creditors refuse extension to homes protection, Greece puts state aid on mortgages on table

Lenders insist on their position to not extend the home protection framework beyond May 1st. Greek government will ask lenders today to put in place a new institutional framework that will allow the state to subsidize mortgage installments.

First Capital is the new loan servicer added to the list

A new loan servicer company was licensed by Bank of Greece, increasing the list of companies currently operating in the country to 23.

Logistic warehouses will be the winners of the crisis

Aris Karytinos considers all investing in logistics to be a profitable idea, as it is one of the most resilient sectors of the real estate market.

Chalivourgiki’s dubious debt

Chalivourgiki's debts, worth 410 million euros, remain uncertain. Chalivourgiki was not forced to suspend its operations during the Covid-19.

Hellenic Vehicle Industry liquidation is postponed

Due to the coronavirus crisis, the tender carried out by Ernst & Young for the Hellenic Vehicle Industry S.A. (ELVO) has been pushed back to May 18.

EU moves ahead with new capital relief measures for banks

EU Commission is expected to announce today another round of capital/regulatory relief for banks. The implementation of these new measures will boost Greek bank's capital.

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