The Greek Deal.com
SERVICERS
€69.77 billion of loans managed by servicers
The nominal value of domestic private sector loans managed by servicers and transferred to specialized financial institutions abroad decreased by €277 million in the second quarter of 2024.
€3 billion of settlements in the first half of the year
In the first half of the year, loan management companies made loan settlements totaling €3 billion, of which over €2 billion came from non-bank portfolios.
The process of re-licensing doValue Greece as servicer has been completed
Today marked the completion of the Bank of Greece's process to relicense DoValue Greece as a credit manager.
Historic high in out-of-court settlements in June
As of today, the Ministry of Finance announced that 6.7 billion euros had been paid off as the first debts settled through the out-of-court mechanism through the end of June, bringing the total number of successful settlements to 19,223.
Board of Directors formed - President announced
The expanded composition of the newly elected Board of Directors was announced by Cepal Holdings.
Extension to Intrum and doValue for the renewal of the operating licence
The deadline for Intrum and doValue's license renewal and subsequent operation in Greece under the updated legal requirements is extended until the end of 2024.
€70 billion of loans managed by servicers in the first quarter
According to Bank of Greece data, in the first quarter of 2024, the nominal value of domestic private sector loans managed by domestic Loan and Credit Receivables Management Companies (LDCs) and transferred to specialized financial institutions abroad increased by €579 million.
€6.33 billion in debt adjustments out of court
The initial debts totaling €6.33 billion were settled out-of-court by the end of May.
Administrative fines totalling €305,000 to 3 Servicers
After reviewing complaints to the General Directorate of Market and Consumer Protection of the General Secretariat of Commerce, the Ministry of Development fined three Loan and Credit Claims Management companies administratively a total of €305,000 for breaking the law.
Loans of €1.2 billion settled in the first quarter
Companies affiliated with the Hellenic Loan Servicers Association settled loans totaling €1.2 billion in Q1 2024, of which €1.1 billion came from bilateral and Katseli law-compliant agreements.
Fines of €790.000 imposed on the three major servicers
Fines of €790.000 to three servicers by the Ministry of Development for violations.