By Leonidas Stergiou
“There are now tools, know-how and European resources available to enable loan managers, borrowers and businesses to come up with sustainable solutions,” said Alexandra Fatsea, General Manager, Retail, SB & Agri Recovery of Intrum Hellas, at the DDC International Conference. NPL Management Greece 2022.
Debt managers’ know-how and the tools provided by the legal framework for dealing with non-performing loans, combined with the national and European resources available to businesses, enable borrowers to benefit from sustainable solutions that will allow them to to repay their debts, stressed Alexandra Fatsea, General Manager, Retail, SB & Agri Recovery of Intrum Hellas, at the international DDC Conference, NPL Management Greece 2022.
“Today, we are all better prepared than ever to use all the tools available,” Ms. Fatsea said, referring to the positive attitude of debtors, the ability of servicers to handle even the most complex cases, the appropriate legal framework and especially the Second Law. Opportunity, improved litigation, and even growth in the real estate market.
He also emphasized the resources available to companies, national and European and especially the NSRF. At Intrum, we help businesses leverage existing financing opportunities with the goal of not only restructuring their debt but getting them back on track for sustainable development, Ms. Fatsea said. “We take our role very seriously in developing a healthy economy and protecting our socially vulnerable fellow citizens,” he added.
Regarding the macroeconomic developments and their impact on the loan portfolios, he underlined the readiness of the servicers. “We at Intrum have successfully responded to the pressures of the pandemic, with effective debt support solutions, and we are ready now if needed. However, we remain optimistic about the magnitude of the impact, mainly due to the resilience of the economy and the good work done. “in recent years with debt settlements,” said Ms. Fatsea.
I am Derek Black, an author of World Stock Market. I have a degree in creative writing and journalism from the University of Central Florida. I have a passion for writing and informing the public. I strive to be accurate and fair in my reporting, and to provide a voice for those who may not otherwise be heard.