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.

December 28th 2014

December 28th 2014 Piraeus Bank – KKR announce €1,2 bil. securitization deal. Piraeus Bank recently announced that it has agreed with the investment firm KKR to transfer (to an SVP) and securitize a portfolio of assets of €1,2 bil. (this amount refers to Piraeus’ corporate exposure, i.e. both loans and equity participation in MIG) to…

December 29th 2014

December 29th 2014 Alpha Bank launches joint venture with Aktua (Spain), to service non-performing assets Alpha Bank has signed a memorandum of understanding with Aktua Soluciones Financieras, a leading Spanish special servicer, to create and launch an innovative special servicing joint venture, Aktua Hellas.

December 12th 2014

December 12th 2014 Alpha Bank Raises USD 500 mil in shipping loans securitization Alpha Bank recently completed a shipping loan securitization transaction with Citi which involves 5 years term non-recourse funding in excess of USD 500 mil.

September 21st 2014

September 21st 2014 Greece signs €800 mil. financing agreements with EIB for infrastructure projects EIB loans to Greece are expected to exceed € 1.5 billion in 2014, as EIB Chairman Werner Hoyer stressed the remarkable progress in Greek fiscal data over the past two years , which also resulted to the country’s successful bond issue…

July 9th 2014

July 9th 2014 Peloponnese waste PPP project receives environmental approval The Ministry of Environment, Energy and Climate change approved the environmental terms of the waste treatment PPP project in the Peloponnese Prefecture.

June 12th 2014

June 12th 2014 Completion of the pre-selection phase for the PPP Project of the waste treatment unit in Corfu Five out of initially six local consortia that had expressed interest, where pre-selected by the Municipality of Corfu. Those five consortia will continue in the process of the competitive dialogue.

May 7th, 2014

May 7th, 2014 €20m tender for Waste Treatment facility in Thiva, Viotia announced The project refers to the construction of waste treatment facility in Thiva to treat 35.000 ton/y of municipal solid waste generated in the region (2nd Viotia prefectural unit). The total budget of the project is €20 mil., co-financed by the Cohesion Fund…

May 23rd, 2014

May 23rd, 2014 Fitch upgrades Greece’s rating Fitch Ratings has upgraded Greece’s Long-term foreign and local currency Issuer Default Ratings  to ‘B’ from ‘B-‘ with stable outlook.