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Cepal Hellas is a prominent company in Greece specializing in loan and credit servicing, particularly in the management of Non-Performing Loans (NPLs) and Non-Performing Exposures (NPEs).Here are some key details about Cepal Hellas:What it is: Cepal Hellas is a licensed loan and credit servicing firm, operating under the framework set by the Bank of Greece. It's essentially a "servicer" that manages portfolios of problematic loans on behalf of banks and investment funds.Key Role in Greece's NPL Strategy: Cepal plays a crucial role in the Greek banking system's efforts to reduce its historically high stock of NPLs. It acts as a bridge between the banks (who sell or transfer these loans) and the investors (who buy them), managing the loans from collection to restructuring and resolution.Formation and Key Shareholders/Partnership:Cepal Hellas was notably established as part of Alpha Bank's "Galaxy" project. Project Galaxy was a landmark transaction in the Greek banking sector, involving the securitization of Alpha Bank's €10.8 billion non-performing loan portfolio and the sale of 80% of Cepal Hellas' share capital to Davidson Kempner Capital Management LP.Therefore, Cepal Hellas is primarily owned by Davidson Kempner (80%) and Alpha Bank (20%).Services Offered: Cepal provides a full range of loan servicing activities, which include:Management of NPLs/NPEs: Overseeing the entire lifecycle of non-performing loans.Communication with Borrowers: Contacting debtors, negotiating payment plans, and providing solutions.Restructuring and Workout Solutions: Developing and implementing plans to help borrowers repay their debts, potentially through new terms, partial write-offs, or asset sales.Legal Processes: Initiating and managing legal actions for debt recovery when necessary.Reporting: Providing detailed reports to the loan owners (banks or investors).Significance:Market Leader: It is one of the largest and most significant loan servicers in the Greek market.Contribution to Financial Stability: By actively managing and resolving NPLs, Cepal contributes directly to the deleveraging of Greek banks' balance sheets, which is vital for the stability and health of the wider financial system.Expertise: It brings specialized expertise in debt management, legal processes, and customer relations to a complex and sensitive area of the financial industry.In essence, Cepal Hellas is a key player in Greece's effort to clean up its banking system by effectively managing problematic loan portfolios....