Notice announcing that it has recovered 75% of the capital of the original credit and that it has exhausted all relevant legal actions (termination of contract, issuance of payment order, auction of real estate, lawsuits against guarantors, restructuring of the Creditor through the Bankruptcy Code, etc.) in relation to the loans it had granted to the company “DOMOPOLIS” was issued by Eurobank.

Specifically, regarding publications concerning a loan agreement between the company “DOMOPOLIS SP TECHNICAL JSC” and Eurobank, the bank notes the following:

“1. In 2005, Eurobank (Bank) granted a credit of €1,500,000 to the company with the name “DOMOPOLIS SP TECHNIKI ANONYMI ETAIREIA” (Creditor), registering a pre-mortgage note on properties owned by it. In 2007, the amount of the credit was increased by 500,000 to 2,000,000 euros, at which point a guarantee contract was drawn up with Mr. Nikolaos Papathanasis (Guarantor).

2. For a number of years the said loan was serviced normally, with the payment of the contractual interest and capital repayments.

3. On 28.8.2015, the Bank terminated the contract with a total accounting claim amounting to €1,054,674 plus overdue interest (total €1,458,548) and launched all the measures provided for by law, with the aim of the maximum possible recovery of the loan, such as issuing a payment order, burglary lawsuits, auctions, consolidation of Pistouchou, etc. Specifically:

4. In 2015, a payment order was issued by the Single Member Court of First Instance of Athens for the above amount.

5. In the same year 2015, the Bank brought an action against the Guarantor for the transfer due to parental benefit (2011) of the ownership of ½ of his undivided real estate property in Agrinio (plots) and Kallithea (warehouse). In view of the lawsuit, the ownership of the real estate was transferred to the Guarantor and the Bank registered a mortgage note for 60,000 euros, an amount corresponding to the value of the plots, while for the low-value warehouse the Guarantor paid an amount in cash.

6. In December 2015, the Bank brought an action against the Guarantor for the transfer with parental allowance (2010) of ½ of an undivided apartment of 102.5 sq.m., 4th floor, in N. Smyrni, with a parking space and a warehouse. The apartment was already encumbered with a first note in favor of another credit institution. In 2020, the decision of the Multi-Member Court of First Instance of Athens was issued, which accepted the lawsuit. An appeal was filed by the Guarantor and shortly thereafter an agreement was drawn up between the Guarantor and doValue Greece, as the administrator of the Bank’s special successor, for the payment of an amount in cash by the Guarantor. The relevant amount exceeds what could be claimed through forced sale, taking into account the existence of a pre-notification in favor of another creditor that precedes it in the ranking order.

7. In 2018, the Bank auctioned four properties owned by Pistouchou.

8. At the same time, the consolidation process of Pistouchos is currently underway, with the entry of a third investor, in the context of Article 106 of the Bankruptcy Code. According to the terms of the resolution plan, doValue Greece will receive an additional amount in cash on a pro rata basis, in relation to the above credit.

9. The recoveries from all of the above actions amount to approximately €550,000, in cash, which corresponds to 52% of the accounting balance of the claim, while the amount of recoveries cumulatively since the start of the contract, if capital repayments are also included during its service period, it reaches approximately 75% of the initial capital of the credit”.