Eurobank sells € 1.5bil consumer unsecured NPL portfolio
Eurobank sells € 1.5bil consumer unsecured NPL portfolio Eurobank Ergasias announced the sale of € 1.5bil consumer unsecured NPL portfolio to Intrum Group.
CVC enters into a binding agreement to acquire IASO General Hospital
CVC enters into a binding agreement to acquire IASO General Hospital On November the 6th, CVC Capital Partners announced the signing of a binding agreement to acquire private hospital IASO GENERAL through Hellenic Healthcare Sarl, an entity controlled by funds advised by CVC. The transaction is subject to customary terms and conditions including due diligence…
Alpha Bank, Eurobank and KKR reach agreement to support Greek companies
Alpha Bank, Eurobank and KKR reach agreement to support Greek companies Alpha Bank, Eurobank & KKR have agreed to assist Greek companies through assigning to Pillarstone’s platform the management of credit and equity exposures towards them.
Romania’s BCR returns to profit – reverses NPL provisions
Romania’s BCR returns to profit – reverses NPL provisions According to news site Romania-Insider.com, BCR Romania’s largest bank and subsidiary of Austrian group Erste, recorded a net profit of EUR 206 million in 2015. In 2014, the bank had net losses of EUR 630 million, due to high write-offs related to non-performing loans totaling almost…
January 21st, 2016
January 21st, 2016 Romania’s BCR to sell EUR 1bn of NPLs According to Romanian business site BnE IntelliNews, Romania’s BCR (Erste Group) shall continue to sell non-performing loans (NPL) in the amount of over €1bn. According to the site, bundles of NPLs sold by BCR can include loans from BCR’s portfolio both on its balance…
December 29th 2015
December 29th, 2015 Greek Deputy Finance Minister Charitsis: EU funds of € 8 bln to be channeled into the Greek market in 2016 More than 8 billion euros will be channeled into the Greek market in 2016 through the Public Investments Program (PIP) and international organizations such as the European Investment Bank, the European Bank for Reconstruction…
November 17th, 2015
November 17th, 2015 Greek banks AQR results came out better than “feared” by EU officials The four systemic Greek banks’ AQR and stress tests were recently released by ECB. Total assets of close to €300bn were placed under ECB’s stress tests. The resulting total capital shortfall reached €14.4bn under the adverse scenario. This amount is…
September 1st, 2015
September 1st, 2015 Tourism developments drive real estate investments in Greece despite recent capital controls crisis The Greek Real Estate Market is showing signs of activity mainly driven by tourism investment. While privatizations of Astir Vouliagmeni and the Ellinikon real estate project have been delayed for many months, private investors progress opportunities in high end…
May 26th, 2015
May 26th, 2015 Greek Banks’ balance sheet clean-up starts with hotel assets Greek Banks are continuing with sales of problematic and repossesed hotel properties. Piraeus Bank is in the process of selling a portfolio of hotel property NPLs valued at approx. EUR 250 million. In addition, two iconic Athens hotels (Athens Ledra Marriott and Pentelikon) are…
March 26th, 2015
March 26th, 2015 Greek listed companies divest subsidiaries and assets to improve liquidity and reduce debt Greek listed companies mostly active in problematic sectors (coastal shipping, fish-farms, capital goods), which face structural problems as well as high debt, have discretely proceeded to sell international subs and real estate assets during 2014.