Since 01/01/2018 we have been undertaken a number of instruction as regards the determination of property Market Value of NPL’s portfolios in Greece. Our clients are international well known funds, asset management entities, as well as, auditors and other consultancy companies. We have already valued properties of a total value of over 450.000.000 euro that belongs to Kairos, Jupiter, Pixel and Symbol portfolios.
| Client |
Portfolio Name |
Bank | Number of Properties Valued |
Total Value |
| Qualco | Kairos | Attica Bank | 131 | 203.857.680 € |
| Oaktree | Jupiter | Alpha Bank | 50 | 70.146.765 € |
| Arbitrage | Jupiter | Alpha Bank | 18 | 41.314.550 € |
| Resolute | Jupiter | Alpha Bank | 50 | 27.030.198 € |
| Arbitrage | Jupiter | Alpha Bank | 20 | 20.087.507 € |
| PwC | Pixel | Eurobank | 74 | 3.516.458 € |
| Resolute | Symbol | National Bank | 51 | 15.708.404 € |
| Arbitrage | Symbol | National Bank | 50 | 29.587.389 € |
| Overseas | Pillar | Eurobank | 500 | 42.153.739 € |
Our experience in the field of NPL’s property valuation is growing very fast. We are already in the process of undertaking a good number of property valuations on behalf of an International fund.
So far the overall picture in Greece as regards the non-performing loans is the following:
|
Buyer (Fund) |
Portfolio Name |
Seller (Bank) |
Transaction
|
Loans Value (with interest) |
Nominal Loans Value (w/o interest) |
Transaction as % of Book Value |
Properties Collateral |
|
Carval & Intrum |
Earth | National Bank | 120.000.000 € | 5.200.000.000 € | 2.000.000.000 € | 6,0 % | NO |
| Intrum | Eclipse | Eurobank | 45.000.000 € | 2.800.000.000 € | 1.500.000.000 € | 3,0 % | NO |
| Brain Capital Credit | Amoeba | Pireaus Bank | 432.000.000 € | 1.950.000.000 € | 1.450.000.000 € | 30,0 % | YES |
| B2Holding | Venus | Alpha Bank | 90.000.000 € | 3.700.000.000 € | 2.000.000.000 € | 10,0 % |
NO |
| APS | Arctos | Pireaus Bank | 50.000.000 € | 2.200.000.000 € | 1.000.000.000 € | 5,0 % | NO |
| Apollo | Jupiter | Alpha Bank | 337.100.000 € |
1.005.000.000 € |
33,6 % |
YES |
|
| Hoist Finance AB | Mercury | Alpha Bank | 76.000.000 € | 1.250.000.000 € | 5,8 % | NO | |
| B2H-Waterfall | Zenith | Eurobank | 66.000.000 € | 1.100.000.000 € | NO |