Sigma Catalyst Partners at the “Debt & Restructuring forum” in Vienna, November 28th November 22nd, 2018 We are proud to participate at the upcoming “3rd edition Debt & restructuring forum” organised by WJ Global Group, in Vienna, November 28th. Dimitris Skaleos will be moderating a panel on “Corporate & SME Restructuring in Greece”. Click here…
DetailsSigma Catalyst Partners at the Smith Novak “NPL Greece & SEE” Summit During the recent “NPL Greece & SEE” Summit that took place at the Divani Caravel Hotel in Athens with more than 200 delegates and 90 companies participating, we had the opportunity to exchange views with key players from the banking, NPL servicing and…
DetailsGreece: NBG to sell € 2bil consumer/SBL unsecured NPL portfolio According to press reports, NBG is expected to proceed with selling a € 2bil consumer NPL portfolio in the late 1H 2018. The portfolio sale which is to be named “project Earth”, will consist of credit card debt, cash overdrafts, unsecured consumer and small businesses’…
DetailsEurobank sells € 1.5bil consumer unsecured NPL portfolio Eurobank Ergasias announced the sale of € 1.5bil consumer unsecured NPL portfolio to Intrum Group.
DetailsCVC 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…
DetailsAlpha 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.
DetailsRomania’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…
DetailsJanuary 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…
DetailsDecember 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…
DetailsNovember 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…
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