Portfolio

The majority of PQH’s portfolio consists of corporate and retail non-performing loans.

In order to successfully meet its operational goals as Special Liquidator and in a timely manner, PQH develops and executes sale strategy solutions for all asset types, while at the same time, taking into consideration all critical features and trends shaping both domestic and international markets.

The company is fully committed to utilising all available institutional sales tools in order to attract investment interest, while ultimately aims at maximising the benefit for all stakeholders involved, including creditors and debtors.

In this context, a team of highly specialised executives, with significant international experience accumulated in financial and investment banking firms, has taken the lead in the company’s portfolio sales operation; the team has introduced best practices and, at the same time, ensures the validity and reliability of transactions.

Aeolus Portfolio

PQH invites Interested Parties to submit their offer for the acquisition and purchase of the Aeolus Portfolio, as per the provisions of NPL Law and in accordance with the procedure entailed herein.

The Tender Process shall take the form of an auction, which shall be conducted in two (2) phases, namely a Non-Binding Offers Phase (“Phase 1”) and a Binding Offers Phase (“Phase 2”), as follows.

For detailed information, please refer to the full Invitation document.

Extension of deadline for the submission of Non-Binding Offers

Sales Regulation

The Sales Regulation (hereinafter referred to as “the Regulation”), as referred to in article 5 par. 5 subpar. b of the decision under no. 221/3/17.3.2017 of the Credit and Insurance Committee of the Bank of Greece, constitutes the framework for the preparation and sale of individual loan claims, loan portfolios as well as the liquidation of movable and real estate property owned by the Institutions Under Special Liquidation (hereinafter referred to as “IUSL’’).

The Regulation serves the prompt recovery of the liquidation value of such assets, as determined as a fair price under market conditions, as well as the avoidance of the cost of managing these assets within the Special Liquidation.

The primary axes of the Regulation are:

• The most appropriate selection of loan portfolios or individual loan claims for sale (hereinafter referred to as “assets under sale”)
• The duly preparation of the assets under sale in order to maximize the recoveries of the Special Liquidator from their disposal
• Ensuring transparency, conditions of fair competition and equal treatment of the participants in the sale procedure.

The subparagraphs of PQH’s Sales Regulation that refer to the sale of portfolios and individual loan claims, which the Special Liquidator publishes for transparency reasons are available here (in Greek only).