Investors circle Greek servicers as NPL momentum builds
Private equity firms and loan investors are taking a keen interest in Greece, prompting a rush to establish servicing platforms to take advantage of the attractive fees associated with the resolution of non-performing loans. Owen Sanderson and Sam Kerr report.
According to the Bank of Greece, three new loan servicers were authorised in July, while a deal which transferred control of an existing servicer was closed at the beginning of this week.
On August 7, Attica Bank announced the completion of a securitization of a portfolio of
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