Thousands of NPLs on the mend

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There are some 1,800 borrowers with 3,400 owe loans who are astir to instrumentality to the banking system, arsenic they are present servicing their debts normally. These are loans worth €230 million, which had turned nonperforming successful the past, but aft arrangements they returned to being serviced.

The portfolio was purchased by the doValue radical arsenic portion of the securitization of atrocious loans under the sanction Cairo 2, which Eurobank had carried retired successful 2020. These loans, having been complied with by their debtors, are present considered remedied and successful this way thousands of households that recovered themselves successful trouble during the crisis, but proceeded to modulate their debts and are complying with its terms, tin instrumentality to afloat banking normality. DoValue Greece will proceed to enactment arsenic portfolio manager aft the merchantability is completed, ensuring continuity successful the absorption and monitoring of the loans for the payment of caller investors.

Their resale connected the secondary market, similar to different fund, is the archetypal step successful this process, since based connected the rules of the European Banking Authority, the banks that person sold these loans done securitizations cannot repurchase them straight from the funds to which they sold them.