the insider’s guide

Νational Bank-Bain Capital deal under SSM microscope

The European Central Bank's supervisory authorities, the SSM (Single Supervision Mechanism)  have put National Bank's sale of 1.6 billion euros of bad debt to Bain Capital under the microscope. The financing of the 337 million euro deal is perhaps the most critical parameter.

Icon Project purchased by Bain Capital on the way to being managed by FPS

The management of a 1.6 billion euros business loan portfolio Bain Capital acquired from the National Bank of Greece (NBG) is expected to go to FPS. Bain Capital's equity ties with the Italian group doValue, which recently acquired FPS from Eurobank, do not leave much room for the portfolio to be claimed by any other servicer.

Law firm Karatzas & Partners play leading role in Greek NPL and securitizations market

According to data compiled by NPL Confidential, the Karatzas & Partners Law Firm has played a leading role in NPL and securitization deals.

Piraeus Bank, Comer Group talks on MIG loans headed for breakdown

Piraeus Bank CEO Christos Megalou is under pressure to lower the price of MIG loans as Comer Group reconsiders conditions that prevail in the Greek market.

Government and creditors battle it out over bankruptcy code, first home loan subsidy

Debtors who go bankrupt will not be left homeless. In this context, the government is proposing the establishment of a public body that will acquire the first homes of debtors who go bankrupt and rent the property back to them, allowing them to continue living in the home for a fee..

What is going on with MLS, the loans and the new CEO 

The weight of managing MLS company loans - among other things - has fallen onto the back of new CEO Narcissus Georgiadis. The goal is to prevent the payment of some of the short-term loans from being delayed.

Bain and Apollo continue selling prime real estate

After the start of the process on June 15 by Apollo regarding the submission of bids on the historic property formerly used by the Lambrakis News Organisation on Christou Lada street, in the center of Athens, Bain Capital will most likely put up for sale next week prime commercial real estate in Athens.

How to get a government subsidy for the loan

Aik. Fragaki gives the answer on how can a borrower get a government subsidy for the loan after the covid19 crisis.

Loans transferred to Servicers (CSF) increased to 30.8 billion euros at Q1 2020

According to data released by the Bank of Greece  the total value of the above category of loans increased by €7,280 million and stood at €30,817 million at the end of the first quarter of 2020, from €23,537 million in the fourth quarter of 2019.

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

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.

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