By Leonidas Stergiou New loans in the first half of the year, which also include refinancing, reached the level of 16.9 billion euros, an increase of 52% compared to the corresponding period last year. At the same time, it is a decade-long record, as these levels were last seen in 2012, when the major deleveraging […]
Tag: non-performing loans (NPLs)
What is pushing any extension of ‘Hercules’ and what are the difficulties
By Leonidas Stergiou In October, the 18-month extension of the Herakles red loan securitization scheme (Herakles 2) expires and there are already considerations for a new time extension. The reason is the three securitizations of bad loans amounting to 2.2 billion euros of Attica Bank and the still high stock of non-performing loans in the […]
National Bank: The end of the obligations to DGCom, the dividend, the deal with EVO and the new plans
Of Leonida Stergiou With the sale of National Insurance, the second securitization of red loans and the strategic agreement on payment systems with the American EVO, National Bank completed its obligations towards the competent European authorities (DGCom and supervision). The positive progress of the first half of the year, the reduction of the percentage of […]