The end of the long-running bank consolidation effort is now in sight, according to the main international financial and investment houses. Greek banks are turning the page, moving beyond the stage of clearing their balance sheets of their non-performing exposures (NPEs) and turning to supporting economic growth and credit expansion. The main factors boosting the […]
Tag: NPEs
Intrum: Inflow of foreign capital € 3 billion in the Greek NPEs market
Opportunities for investments over 3 billion euros, with limited risk due to market maturity, are expected to be created in the near future in the non-performing loan management market, attracting new investment funds in addition to the funds that have already entered the Greek market. Mr. George Georgakopoulos, Managing Director of Intrum Greece, speaking at […]
Intrum: The opportunities, challenges and solutions of management companies for NPEs
In the current context, despite increased macroeconomic uncertainty, the non-performing loan management landscape, with about € 100 billion already managed by management companies, is more mature than ever, said Alexandra Fatsea, CEO, Retail , SB & Agri Recovery by Intrum Hellas, talking about the opportunities and challenges and effective solutions of management companies. Speaking at […]
Stock Exchange: Domestic and foreign managers ‘bet’ on banks for 2022
Greek banks are negotiating with a discount of at least 20% compared to the European average and domestic and foreign investment houses see large margins for the rise of bank shares for next year. The banking sector has acquired new capital and new investors, non-performing loans have fallen to levels that can see the industry […]
Piraeus: Agreement with Davidson Kempner for shipping loans of 400 million euros (Project Dory) – At 53% the price
Piraeus Financial Holdings announced that its subsidiary, Piraeus Bank SA, reached an agreement with a group of Davidson Kempner Capital Management group for the sale of a portfolio of non-performing maritime exposures (NPEs), with a gross book value of € 0.4 billion. The agreed price of the Transaction amounts to approximately 53% of the gross […]