As consumers respond to the challenges posed by Covid-19, we see individuals striving to achieve greater control of their finances by expanding their knowledge of financial matters.
Mr George Georgakopoulos, Managing Director of Intrum Hellas, talked to «Kathimerini» (Sunday edition) about the initiatives and actions taken by the company to lead the way to a sound economy
The impact of the COVID-19 crisis on private households
Intrum Hellas REO Solutions, established in 2019, is preparing to take a leading role in real estate management by taking over exclusively the management of Piraeus Bank's privately owned real estate portfolio (approximately 7,000 properties) and by exploring new business opportunities with independent investment schemes.
Intrum publishes in full the European Payment Report* for 2020 focusing on payments and the financial impact of the COVID-19 crisis on European companies following the special edition of the White Paper, published in July 2020. The European Payment Report presents the results of a survey conducted in 29 European countries, while a separate report presents the findings by country. According to the research findings, at a pan-European level, there is concern in the European economy and the cessation of business operations in many sectors. Almost six out of ten respondents said that the biggest challenge consumers will face in the next 12 months in terms of timely payment is the pan-European recession.
Mr. George Georgakopoulos, CEO of Intrum Hellas, talking to mononews.gr about the importance of the participation of borrowers in the Bridge program and the need for effective absorption of funds from the Recovery Fund to drive the Greek economy towards recovery.
Intrum Hellas, the leading provider of Credit Management Services in Greece, will service a loan portfolio with a total amount of EUR 281 million related to Forthnet Group on behalf of United Group (NewCo United Group Hellas).
Mr. George Georgakopoulos, CEO of Intrum Hellas, gave an interview to euro2day.gr talking, among other things, about the immediate initiatives of Intrum Hellas to support borrowers and the next steps, as well as about the course of the NPL market in Greece.
The whitepaper outline how Covid-19 has impacted 10,000 businesses across 29 countries in Europe. Results show that many businesses are fighting for survival. Sustaining liquidity and cashflow by ensuring timely payment has become their lifeline.
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