On June 3, 2019, Piraeus Bank entered into a strategic partnership with Intrum for the management of non-performing exposures and real estate owned assets by Piraeus Bank through the establishment of a new servicer company, which is set to become the leading independent credit servicer company in the Greek market.
Piraeus Bank and Intrum aim to finalise their strategic partnership in early October 2019. The strategic partnership is envisaged to provide a material boost to the execution of Piraeus’ de-risking plan.
Both the new servicer company and Piraeus Bank remain supportive to the clients that face difficulties in servicing their debt, with the aim of finding mutually beneficial and viable solutions.
