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Tag: red loans (NPLs)

National Bank: Application for inclusion in the ‘Hercules II’ program of Frontier II

As part of its Transformation Program, the National Bank of Greece SA has started the process of securitization of a portfolio of non-performing loans codenamed "Frontier II", with a total book value of 1 billion euros. The...

Strict warnings about bank profitability – red loans from the IMF

By Leonidas Stergiou As Greek banks consolidate, a sustainable increase in their profitability remains key to further enhancing their resilience. According to an IMF report, two main sources of profitability, namely net interest income and commission...

M. Vergi (Intrum): Sustainable financing is key to loan restructuring

Ms. Maria Vergi, General Manager, Commercial Restructuring Solutions of Intrum, spoke at a series of opportunities given to businesses in terms of their financing, so that sustainable businesses have a next day and are competitive, speaking...

DBRS: The ‘Hercules’ program must be extended again beyond October 2022

Of Eleftheria Kourtali Given the challenges posed by price increases and the Russian invasion of Ukraine, according to DBRS, it is premature to abolish an effective tool like "Hercules" when it is scheduled to expire in October...

The big clearing of loans

By Leonidas Stergiou A long wait of more than 10 years, finally, seems to have come out, after several legislative interventions, with the most important, perhaps, the most recent one of the Ministry of Justice to improve...

Al. Face (Intrum): Today red loans are easier to deal with

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...