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Loan servicers to meet with Greece’s official sector creditors on auctions, moratoria

15 January 2021 Comments Off

The second wave of the pandemic crisis makes the need for “Hercules 2” imperative and has already begun to be assessed along with the new red loans and the cost of loan deferrals, amounting to 30 billion euros, provided by the banking system to support households and businesses.

DBRS expects a significant increase in NPLs in 2021

14 January 2021 Comments Off

DBRS the Canadian agency warns that the burden of non-performing loans will weigh heavily on the financial institutions in 2021.…

News

Intralot enters into a binding lock-up agreement with bondholders for EUR 750 millon debt restructure

14 January 2021 Comments Off

Intralot announced that is has entered into a lock-up agreement with an ad hoc group of noteholders, holding in excess…

A.Enria: Greek banks must accelerate the clean up of their ballance sheets

29 November 2020 Comments Off on A.Enria: Greek banks must accelerate the clean up of their ballance sheets

Asset management companies (bad banks) are tools that are able to free banks’ balance sheets from bad loans and enable them to support households, small businesses, and corporates. The mutualization of losses among Eu member states can be averted.
George Zavvos: We address new reforms in the capital markets

20 May 2020 Comments Off on George Zavvos: We address new reforms in the capital markets

DBRS Morningstar positive on Greece’s new financial reality

26 October 2020 Comments Off on DBRS Morningstar positive on Greece’s new financial reality

DBRS Morningstar changed the euro area risk category of the Hellenic Republic from MEDIUM to LOW. Despite the deterioration in…
Lagarde: We should guard against the premature withdrawal of monetary support

7 October 2020 Comments Off on Lagarde: We should guard against the premature withdrawal of monetary support

Loan servicers expect 20 bln euros of securitizations in 2021

14 January 2021 Comments Off

In the last year, loan management companies-members of the association have made more than 75,000 loan restructuring arrangements, amounting to over 2 billion euros in portfolios that have been transferred.

ECB: NPL ratio fell to 2,82% in Q3 2020

13 January 2021 Comments Off

The aggregate non-performing loans (NPL) ratio of significant banks in the E.U fell to 2.82% in the third quarter of…

Piraeus Bank’s push to offload problem loans progresses rapidly

11 January 2021 Comments Off

The new business plan, which will provide for a more aggressive reduction of sour debt, will be presented in detail at the end of the first quarter of 2021.

PwC: €150 billion of NPL portfolios expected to trade the next 2 years across Europe

7 January 2021 Comments Off

Over the last 10 years, PwC data shows that NPLs with a face value of around €700bn have traded as portfolio transactions.

Ιrish bad bank transfers €1bn profit to Government

5 January 2021 Comments Off

Bad banks (Asset Management Companies), under certain conditions, can be profitable for Public Finance. The Irissh Nama announced early this week that it plans to hand over an additional €1 billion of surplus cash to the Government this year, as it expects to report a 10th consecutive annual profit for 2020.

Intrum: Household debt has been aggravated by the pandemic in southern Europe

4 January 2021 Comments Off

Differences in financial health increase among consumers across Europe, amidst the second wave of the pandemic, according to Intrum’s Financial Wellbeing Barometer.

Giuseppe Gianno and Euroxx behind the Vivartia and Singular deals

3 December 2020 Comments Off on Giuseppe Gianno and Euroxx behind the Vivartia and Singular deals

President of Euroxx, Giuseppe Gianno, one of the most experienced market players, has been congratulated by other market participants for his successful involvement in two of the biggest business deals of the year, the sale of Vivartia and Singular Logic.
The deadline of for the “Bridge” program must be extended until the end of 2020.

28 September 2020 Comments Off on The deadline of for the “Bridge” program must be extended until the end of 2020.

DBRS expects a significant increase in NPLs in 2021

14 January 2021 Comments Off on DBRS expects a significant increase in NPLs in 2021

DBRS the Canadian agency warns that the burden of non-performing loans will weigh heavily on the financial institutions in 2021.… You need to be logged in order to read this article. Login here *If you
Marathon Distressed Credit Fund attracted $2.5 billion

8 January 2021 Comments Off on Marathon Distressed Credit Fund attracted $2.5 billion

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

Stournaras, Greek banks will face a higher burden from Covid related defaults.

News

Loan servicers to meet with Greece’s official sector creditors on auctions, moratoria

DBRS expects a significant increase in NPLs in 2021

Intralot enters into a binding lock-up agreement with bondholders for EUR 750 millon debt restructure

Editorial

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?

Why ECB backs the idea of a bad bank

Athens University: Sour debt from the pandemic seen at 9.3 bln euros

Experts

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

A.Enria pushes for Pan-European bad bank

Banks: where they disagree on the bankruptcy code

Interviews

A.Enria: Greek banks must accelerate the clean up of their ballance sheets

Analysis

DBRS Morningstar positive on Greece’s new financial reality

HIGHLIGHTS

Loan servicers expect 20 bln euros of securitizations in 2021

ECB: NPL ratio fell to 2,82% in Q3 2020

Piraeus Bank’s push to offload problem loans progresses rapidly

PwC: €150 billion of NPL portfolios expected to trade the next 2 years across Europe

Ιrish bad bank transfers €1bn profit to Government

Intrum: Household debt has been aggravated by the pandemic in southern Europe

People

Giuseppe Gianno and Euroxx behind the Vivartia and Singular deals

Global

DBRS expects a significant increase in NPLs in 2021

Buzz Talk

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HIGHLIGHTS