Cepal has been appointed to service two new portfolios, strengthening its market presence
Cepal has been appointed to service two new portfolios of residential mortgage and consumer loans with a combined outstanding balance exceeding €130 million, on behalf of CrediaBank and Davidson Kempner. The portfolio assigned by CrediaBank consists of performing residential mortgage loans with a book value of approximately €80 million, while the Davidson Kempner portfolio comprises […]
Cepal undertakes the servicing of Alpha Bank’s Solar portfolio
Cepal has undertaken the servicing of the “Solar” Non-Performing Loans portfolio, which was transferred from Alpha Bank to Waterwheel Capital Management L.P., through affiliated companies. This is an important development, completing now also the part that concerned Alpha Bank, and further strengthening the portfolio under management of the Company. The portfolio, with a total gross […]
Cepal receives its operating licence from the BoG’s EACC
Cepal has received its operating licence from the Executive and Credit Committee (EACC) of the Bank of Greece (BoG). A long-standing pioneer in the receivables management industry, already since 2016 when Cepal first received its operating licence, our Company is the first in the industry to be granted a licence by the BoG under the […]
Hermes Portfolio Agreement
Following relevant agreements between Alpha Bank, Fortress, and Davidson Kempner Capital Management, Cepal will retain the servicing of €600 million exposures of the Project Hermes portfolio, which includes loans originated by Alpha Bank to large corporates and small and medium-sized enterprises (SMEs). The assignment of servicing to Cepal confirms our leading role in the market […]
Pioneering transaction in the Greek Banking System
Cepal has successfully completed the first sale in the secondary market of a €30 million corporate and SME re-performing loan portfolio, purchased by Optima Bank (Project Rebound). The Rebound transaction makes Cepal a pioneer in loan and credit claims servicing management and finding mutually beneficial solutions for clients, and debtors. It further paves the way […]
Successful portfolio integration
Cepal has successfully completed the data migration of the Light Portfolio, which consists of receivables mainly from consumer loans totaling 0.4 billion euro. The portfolio was sold to Hoist Finance by Alpha Bank. The transaction verifies Cepal’s leading position in the Greek market and increases the number of portfolios we service.
Signing of Cepal Collective Labour Agreement
Cepal Hellas and the respective Employee Association signed a two-year Collective Labour Agreement. The agreement is fully in line with the standards of the modern working environment, but also with the values of Cepal Hellas and focuses on the continuous improvement of everyday working life, equal opportunities and means of developing the skills of employees. […]
