the insider’s guide

DoValue boosts position in Greece after National Bank-Bain Capital deal

DoValue has strengthened its leading position in the domestic market after the completion of the agreement between National Bank (NBG) and Bain Capital regarding the sale of a non-performing business loan portfolio (Project Icon) backed by collateral reaching 1.6 billion euro.

Νational Bank sells 1.6 billion NPLs to Bain Capital

National Bank of Greece announced that completed the disposal of a non-performing secured corporate loan portfolio (Project Icon)., for  €337 million. The consideration amounts to c. 21% of the principal amount and the transaction has a neutral capital impact on the Bank.

Debt enforcement procedures to resume by end of February

The resumption of debt enforcement procedures held before and after property auctions is being heavily debated among Finance Ministry officials with the country's official sector creditors.

Hercules rules eased for banks, loan servicers

Bank demands for greater flexibility include reporting progress on the recovery process on a quarterly basis, instead of a monthly basis, as well as providing a longer grace period for achieving loan recovery.

ECB’s McCaul the 1,4 trillion euros in NPLs is less likely

There is no reason to delay the assessment of credit quality: this is the moment to make sure we have very robust credit processing in place. This is what ultimately makes the markets realise the strengths of the banking sector.

Strong interest for Ektasis properties, more than 65 binding offers submitted

Tenders for 15 properties belonging to Ektasis Development have drawn strong interest as the company's special manager accepted more than 65 bids, sources say.

Sales agreement on Vega project’s mezzanine, junior notes being signed

The procedures for the completion of the Vega project have entered the final stage in the last few days, as Piraeus Bank and Intrum Hellas have agreed on all the key issues involved.

Bids on Logothetis NPLs submitted

Today or tomorrow, at the latest, we will know which funds have submitted binding bids for Logothetis NPLs at Piraeus Bank.

Apollo and Lone stars bid for €1bn AIB NPL mortgages

Us private equity funds  Apollo and Lone Star are the final bidders vying to acquire a portfolio Npls  AIB home loans that were originally worth about €1 billion, according to press reports. 

Arab buyer picks up Onassis villa

Just last week the "FOR SALE" sign on Onassis' "golden villa" in Lagonisi was taken down.

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