Resolute Asset Management
More firms licensed to manage bad loans
The Bank of Greece has licensed three more bad-loan management companies, taking the number of firms with such permits to seven.
The new licenses went to Alvarez & Marshal, Resolute Asset Management and UCI (a BNP Paribas subsidiary), while sources say that the list will soon extend to eight companies, as B2kapital is in the final stage of the licensing process.
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Repossessed homes hitting the market
The process for the sale of properties in packages - most of them homes - has entered its final stage after those assets were repossessed by banks due to unpaid mortgages.
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