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Tag Archives: bad loans

Greece’s banks to reduce €50million of bad loans by 2021, says bank CEO

Greece’s four systemic banks plan to reduce the non-performing loans between now and 2021 by 50 billion euros ($ 56 billion), the CEO of Piraeus Bank, told CNBC on Tuesday. In the case of Piraeus, the aim is to reduce the NPLs by 15 billion euros until 2021, CEO Christos …

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Tsakalotos says Greece plans to return to markets in 2019 to buy IMF or ECB debt

Greek Finance Minister Euclid Tsakalotos unfolded the government plans how to deal with red loans and how the country will return to the markets. In an interview with radio News24/7 on Tuesday, Tsakalotos said that Greece negotiated hard with the country’s lenders to secure a buffer of 25 billion euros …

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Italian doBank to take on bad loans of 400 Greek SME worth 2 billion euros

Italy’s biggest bad-loan manager, doBank, will undertake the loans of some 400 Greek small and medium-sized enterprises which owe Greek banks a total of 2 billion euros. Greece’s four systemic lenders (Alpha, National, Eurobank and Piraeus) are reportedly in the final stage of talks with doBank, a subsidiary of US …

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Eurobank to sell €1.5bln bad loans to Swedish hedge fund Intrum

Eurobank , Greece’s third largest lender, said  it will sell a 1.5 billion euro pool of non-performing loans to Sweden’s Intrum, as part of efforts to reduce its load of sour debt and meet targets agreed with regulators. Greek banks are burdened by soured loans clogging up their balance sheets …

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Media owner Kontominas released on mammoth bail of 5 million euro

Owner of private Alpha TV Dimitris Kontominas was released on a mammoth bail of 5 million euro. Furthermore he has been prohibited from traveling abroad and he should check at a local police station twice a month. After a marathon meeting the members of judicial council decided to allow Kontominas …

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7 arrest warrants against bank executives & businessmen over Greek Postbank bad loans

Three people were arrested and police are seeking another four after the anti-corruption prosecutor issued at least 7 arrest warrants over suspected loans from Hellenic Postbank. The loans worth 400-500 million euro were given in the period between 2006 and 2011. Former CEO and bank staff, several Greek and Cypriot …

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