Monday, Sep 20, 2021

Greece’s NPL Market | E-auctions in 2020

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Author : Delfi Partners
  • March 03, 2021

In a country that is still recovering from years of austerity, the coronavirus pandemic is an additional destabilizing factor. In 2020, the volume of conducted auctions in Greece decreased significantly by 45% compared to previous year’s volumes. More specifically, total conducted auctions reached 9,464 in 2020 vs. 17,165 in 2019 vs. 19,521 in 2018. This resulted in a significant increase in the suspended auctions of 44% YoY (15,979). In total during 2020, auctions reached 27,882 (-2% YoY), of which 34% were conducted, 57% suspended and 1% cancelled.

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