By Leonidas Stergiou The European Central Bank, at every opportunity, reiterates through the speeches of its officials and analyzes that the effects of the pandemic have not been reflected in the economy. In recent weeks, executives have added two more uncertainties related to the resurgence of the pandemic and the inflation that could threaten recovery […]
Tag: red loans (NPLs)
Banks: The big clearing for defaulters
By Leonidas Stergiou The decision had been made for some time, but the message to the recipients was given in a clear and coordinated way last week. At the general meeting of the loan management companies (servicers), both their president, Mr. Tassos Panousis, and the Governor of the Bank of Greece, Mr. Giannis Stournaras, were […]
Arrangements with ‘haircut’ for 8 out of 10 red loans
By Leonidas Stergiou The management companies have now passed the red loan arrangements in order to turn them into serviced ones and return them to the banks. Already, since the beginning of the pandemic, red loans of 3.8 billion euros have been consolidated and are currently on the banks’ balance sheets. In this way, management […]
Stournara ‘yellow card’ to red loan managers
The “yellow card” was shown by the Governor of the Bank of Greece, Giannis Stournaras, to the loan management companies, stating that “the Bank of Greece receives a large number of complaints from individuals and companies regarding the practices applied by the Management Companies”. As he mentioned, speaking today at the annual general meeting of […]
New delay in the trials of Katselis Law – When will they take place
Of Tasos Dasopoulos The trial of the approximately 30,000 cases of the Katselis law from the beginning of 2022, which was agreed in 2020 with the institutions, is extended for another year, until the beginning of 2023, but to express reservations about whether the issue will be closed by then. After 18 months that the […]
