doBank

Greek firm Bernitsas Law has been named the Most Innovative Law Firm of the Year in Greece at the 20th International Financial Law Review (IFLR) Annual European Awards.

"Bernitsas won the award due to its role in key transactions of 2018 that will influence legal practice in a number of fields, in Greece and maybe elsewhere," the IFLR said in a statement.

Italian bad-loan investor Fire is looking to add 1 billion euros in assets under management this year as it works toward an eventual stock market listing, its chief executive said.

Italy's top bad-loan specialist doBank has agreed to buy 85 percent of Altamira Asset Management, valuing the entire company at 412 million euros in a bid to create a leading European credit manager.

The top four Greek banks agreed to have Italy's doBank manage a combined 1.8 billion euros worth of their non-performing credit, the banks said on Wednesday.

DoBank will manage the non-performing debt held by Piraeus, National, Eurobank and Alpha of more than 300 Greek small and mid-sized businesses, facilitating restructuring when it's feasible, the banks said.

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.