Sunday March 29, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Credit Agricole said to seek buyer for $554 million Greek loans

Credit Agricole Leasing Greece, Credit Agricole SA’s remaining business in the country, is seeking buyers for around 400 million euros ($554 million) of loans mostly backed by real estate, according to two people with knowledge of the matter.

Three groups have been shortlisted to purchase the loans after 16 parties made non-binding preliminary offers, the people said. Binding offers are due in May, said the people, who asked not to be identified because the information isn’t public.

Around 80 percent of the loans, some paying interest and others in default, are backed by 150 buildings around Greece and the rest are guaranteed by leased equipment, the people said.

Anastasios Karkazis, head of Credit Agricole Leasing in Athens, declined to comment. Credit Agricole, based in Montrouge, France, is the country’s third-largest bank.

[Bloomberg]

ekathimerini.com , Wednesday April 23, 2014 (15:49)  
Rift talk may be self-fulfilling prophecy
Undeclared labor flourishing as inspections are insufficient
Agenda
Banks write off old debts worth billions
Greece’s Tsipras to meet ministers as creditors ponder overhauls
Greece’s Prime Minister Alexis Tsipras is to hold a cabinet meeting Sunday as Greek officials and creditors in Brussels discuss overhauls the country proposes to secure more funds from the e...
Moscow expects progress from Tsipras visit
Prime Minister Alexis Tsipras’s planned visit to Moscow on April 8 will be a “big event” in the course of relations between Greece and Russia, according to the Russian ambassador in Athens, ...
Inside News
HANDBALL
Hooligans mar PAOK´s handball cup triumph
PAOK won its second Greek Cup in handball beating AEK 29-27 in Sunday’s final in Thessaloniki, but the clashes between AEK fans and the police as well as the exchange of lethal flares betwee...
BASKETBALL
Greens live dangerously in Istanbul
Panathinaikos played with fire in Istanbul, but still managed to beat Galatasaray 86-84 on Friday and climb to the third sport of its group two games before the end of the Euroleague top-16....
Inside Sports
COMMENTARY
Let´s change the subject
Let’s talk about the weather. The cloudy skies, the rain, storms and humidity, the overall heavy atmosphere. It’s better to think of that than politics and politicians, whatever cuts they ma...
EDITORIAL
Too little, too late?
Many of the measures that are rumored to comprise part of the list that the Greek government is expected to submit to the European Commission, European Central Bank and the International Mon...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Rift talk may be self-fulfilling prophecy
2. Undeclared labor flourishing as inspections are insufficient
3. Agenda
4. Banks write off old debts worth billions
5. Hooligans mar PAOK´s handball cup triumph
6. Greece’s Tsipras to meet ministers as creditors ponder overhauls
more news
Today
This Week
1. Eurogroup unlikely to be held soon to discuss Greek reforms
2. Moscow expects progress from Tsipras visit
3. Another suspect eyed in prison breakout plan
4. Greece’s Tsipras to meet ministers as creditors ponder overhauls
5. Greece says talks with lenders are continuing positively
6. Banks write off old debts worth billions
Today
This Week
1. Next Monday is D-Day for state funds
2. PM faces Merkel amid race to detail reforms
3. Some more equal than others
4. Greece to present reforms by Monday, says gov't spokesman [Update]
5. Looking at the Chinese model
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.