Intrum Hellas is moving forward with the basic scenario planned at the beginning of the year, which is optimistic about the future, but at the same time is prepared for the unfavorable scenario to meet the challenges of red loans even in the current geopolitical and economic situation.
This was stated by Alexandra Fatsea, General Manager, Retail, SB & Agri Recovery of Intrum Hellas, at the 4th NPL Summit, emphasizing that it is important that, for the first time, with law 4738/20 (new bankrupt), there is a framework that can work very effectively while especially the pillar of the out-of-court mechanism is on full alert and is already producing viable solutions.
“The framework is completely new and we at Intrum Hellas have believed in it since we designed and supported it both in the design and implementation phase,” he said, adding that today it operates in practice in a transparent and fair manner and gives a solution beneficial and suitable for all parties.
According to Ms. Fatsea, “in order for the servicers to achieve our goals and for the economy to work, it is necessary for all the mechanisms to work effectively: the Second Chance, with the Out-of-Court and Bankruptcy, the Auctions but also the real estate market, “Ms. Fatsea said that the interest already being expressed by investors in the opportunities from the secondary market for receivables and for the properties on the balance sheets of securitization vehicles will be strengthened.”
Source: Capital
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