the insider’s guide

Pimco targets leading role in Greece, Cyprus

Which are the two steps taken by the company in Greece and Cyprus, indicative of the strategy it is pursuing in the secondary market of non-performing receivables.

New portfolio from Eurobank to doValue

What does the deal include, in which doValue undertook the management of receivables in arrears from Eurobank's leasing contracts in Greece.

New investments from UCI in Greece

Which new markets is UCI Greece LMS entering, in addition to the field of loan and receivables management.

Loss from Galaxy less than expected, says Alpha Bank

Why did analysts have a positive surprise regarding the course of the Galaxy project?

Piraeus Bank’s Phoenix, Vega securitizations expected by end November

Christos Megalou has given his word that the lender is proceeding at a fast pace with the securitizations of non-performing exposures Phoenix and Vega totaling 7 billion euros.

Bank of Greece will present bad-bank plan in September

What the plan to establish an asset management company (bad bank) includes.

Pimco and Cerved on the short list of Alpha Bank’s NPL sale

Which companies are on the shortlist for the twin transaction: the 10.8 bn euros NPE securitization (project Galaxy) and servicer Cepal sale.

Structure of Galaxy project completed by Alpha Bank

The release of the final buyer for the project, the largest sale of non-performing loans in Greece totaling 10.8 billion euros, is expected in early October with the aim of the transfer being completed by the end of 2020.

Pepper completes Bank of Cyprus servicing contract

Pepper announced that has successfully completed its non-performing loan (NPL) servicing contract for the Bank of Cyprus plc, having outperformed market expectations.

Loan moratoria causes liquidity squeeze among loan servicers

Several credit servicing firms (CSFs) active in the Greek market have been facing serious liquidity problems lately, due to the measures taken by the government to alleviate the borrowers' measures for those affected by COVID 19, according to sources.

• The general meeting at Kyprioti Hotel, Eurobank, Piraeus and HIG.

• ELSTAT data shows NPL increase in Lasithi, Santorini, Ionian

• 51k applications filed for mortgage installment subsidy scheme for Covid-affected borrowers

• New tender for MIG loans

• Intrum issues 2 and 5 year bonds totalling EUR193 mil.

• Government aims at clearing backlog of pending Katseli law cases by mid-2022

• Eurobank and National Bank appoint Axia Venture to sell Vivartia loans

• National Bank speeds up Frontier project

• Intrum takes 30% of mezzanine, junior bonds from Phoenix securitisation

• “Caught” in the loans, but the sale of Singular Logic progresses

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