PQH was established in 2016 and appointed by the Bank of Greece to act as the Single Special Liquidator for all credit and financial institutions under special liquidation in Greece. There are currently 19 institutions under special liquidation, with several billion-euro worth of assets, the majority of which consist of corporate and retail non-performing loans. Following the successful consolidation of the liquidations’ operations under a single organizational structure, PQH is fulfilling its mission to maximize recoveries for creditors in a timely manner – through servicing and liquidating the assets. Via the implementation of transparent, fair and impartial processes, PQH aims at reactivating, restructuring or settling the largest number of accounts possible. PQH operates in accordance with an approved by the Bank of Greece, for its legal and regulatory provisions, yearly renewed business plan, which clearly states its strategic and operational goals, as well as the overall action plan and initiatives to meet them. The management team of PQH comprises of expert professionals from the commercial banking, investment banking and consulting industries with significant domestic and international experience in similar fields.
