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Piraeus Bank’s board set to announce tomorrow exact terms for cEUR1bn non-pre-emptive share capital increase

15 April 2021 Comments Off

Piraeus Bank’s board, after being granted authorization from the 7 April shareholders meeting, is set to announce tomorrow the details…

Court says acceleration of 37,000 Katselis trials constitutional

14 April 2021 Comments Off

A total of 70,000 cases are pending at Magistrates’ Courts, but a total of 37,000 cases will be redefined, ie those that will have a trial date set after 2021

Hercules II: Increased grace period for NPL receipts

14 April 2021 Comments Off

The Ministry of Finance is adopting the request of loan servicers for the further extension, from 24 to 36 months, of the grace period.

The aim is to prevent servicers from being deprived of the right to manage these problem loans and to prevent the activation of state guarantees.

Enria supports the set-up of asset management companies at a national level

28 January 2021 Comments Off on Enria supports the set-up of asset management companies at a national level

The head of the Single Supervisory Mechanism (SSM), Andrea Enria, appeared less pessimistic about the volume of bad debt to emerge from the pandemic.
G. Kofinakos; Greek banks plan synthetic securitizations to cope with NPLs

17 January 2021 Comments Off on G. Kofinakos; Greek banks plan synthetic securitizations to cope with NPLs

NPL Summit 2021: New Bankruptcy Law. What changes for businesses, households

18 March 2021 Comments Off on NPL Summit 2021: New Bankruptcy Law. What changes for businesses, households

The law on debt settlement and the provision of a second chance (the new bankruptcy law) was focused upon in…
Asset Management Companies have securitized 32,1bn.euros NPLs between 2018-20

8 March 2021 Comments Off on Asset Management Companies have securitized 32,1bn.euros NPLs between 2018-20

Alpha Bank’s new securitizations boost stock

12 April 2021 Comments Off

Alpha Bank’s stock has increased by 20% (from 0,90 euros to 1,08 euros) after announced its plans for three new securitizations of 2 billion euros.

The legendary Trinity Project of Piraeus Bank

5 April 2021 Comments Off

In 2019, Piraeus Bank initiated the process to sell a non-performing portfolio of business loans, partly secured by real estate (Project “Trinity”).

Latsis family enters NPL market

1 April 2021 Comments Off

A company owned by the Latsis family is about to purchase a group of problem loans that belonged to Piraeus Bank, according to sources. haircuts offered on the value of the debt sold to Intrum Hellas and then to the business group are not known.

Intrum Hellas: Support to businesses on the development of the NSRF, Recovery Fund

30 March 2021 Comments Off

Intrum Hellas has designed and launched a market support mechanism for businesses, even smaller ones, with the aim of helping them restructure and modernize.

S&P: Greek banks cutting their NPLs ratio to single digits with more securitizations in 2021

25 March 2021 Comments Off

A renewed focus on securitization in 2021 could see Greece’s major banks cut their bad loan ratios down to single digits.

Alpha Bank: 2.0 billion euros securitization to apply for HAPS 2

23 March 2021 Comments Off

Alpha Bank announced that plans with three deals to reduce NPEs by 3.3 billion euros in 2021. Alpha Bank will…

ECB welcomes the extension of APS “Hercules”

18 March 2021 Comments Off on ECB welcomes the extension of APS “Hercules”

Elizabeth Mc Caul Member of the Supervisory Board of the ECB, speaking at NPL Summit 2021 said that Greek banks have made remarkable progress in dealing with a heavy legacy of NPLs
Greece requests the extension of the HAPS Hercules

15 March 2021 Comments Off on Greece requests the extension of the HAPS Hercules

Cyprus: NPLs fell by EUR3.86 billion in 2020

12 April 2021 Comments Off on Cyprus: NPLs fell by EUR3.86 billion in 2020

Banks in Cyprus reduced their Non-performing loans (NPLs) by €3.86 billion to €5.11 billion at the end of 2020, according to… You need to be logged in order to read this article. Login here *If you
Irish Banks NPLs to rise as support measures end

2 April 2021 Comments Off on Irish Banks NPLs to rise as support measures end

An.David’s FATSA is on sale

1 October 2020 Comments Off on An.David’s FATSA is on sale
Stegos seeks letter of guarantee

21 September 2020 Comments Off on Stegos seeks letter of guarantee
The auction of the legendary Etrusco, by Hector Botrini, is scheduled for Wednesday, September 30th.

16 September 2020 Comments Off on The auction of the legendary Etrusco, by Hector Botrini, is scheduled for Wednesday, September 30th.
Malamatina up for grabs

25 August 2020 Comments Off on Malamatina up for grabs
MLS. Going for a “battle” and a steep fine to the auditor

27 July 2020 Comments Off on MLS. Going for a “battle” and a steep fine to the auditor

With official creditors on their side, banks push for auctions to resume

News

Piraeus Bank’s board set to announce tomorrow exact terms for cEUR1bn non-pre-emptive share capital increase

Court says acceleration of 37,000 Katselis trials constitutional

Hercules II: Increased grace period for NPL receipts

Editorial

Stournaras expects pandemic impact on banks to intensify in 2021

Th. Pelagidis: ECB May Be In Liquidity Trap

Intrum’s Survey : Half of Greeks have lost income

E.C warns Greek banks of a cliff effect after loan moratoria

Is the “Gefyra” program sufficient to avert a rise in mortgage NPLs?

Experts

G. Pavlatos: NPL deals of €12bn close in the coming months

ECB’s McCaul the 1,4 trillion euros in NPLs is less likely

The SSM wants banks to tackle NPLs ahead of bad bank solutions

Stournaras: Why I propose the creation of a bad bank

Single Resolution Board rejects ECB plan for a European bad bank

Interviews

Enria supports the set-up of asset management companies at a national level

Analysis

NPL Summit 2021: New Bankruptcy Law. What changes for businesses, households

HIGHLIGHTS

Alpha Bank’s new securitizations boost stock

The legendary Trinity Project of Piraeus Bank

Latsis family enters NPL market

Intrum Hellas: Support to businesses on the development of the NSRF, Recovery Fund

S&P: Greek banks cutting their NPLs ratio to single digits with more securitizations in 2021

Alpha Bank: 2.0 billion euros securitization to apply for HAPS 2

People

ECB welcomes the extension of APS “Hercules”

Global

Cyprus: NPLs fell by EUR3.86 billion in 2020

Buzz Talk

VIDEO

D. Emvalomenos presentation at NPL Summit 2019

G. Pavlatos presentation at NPL Summit 2019

T. Panousis speech at NPL Summit 2019

Christos Staikouras addresses the key speech at NPL Summit 2019

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HIGHLIGHTS