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Νational Bank received four non-binding bids for EUR6.1bn Frontier NPE securitization

4 March 2021 Comments Off

National Bank of Greece, finally received at least four non-binding bids about its upcoming Frontier securitization of EUR6.1bn NPEs, according…

Piraeus Bank eyes two new NPE securitizations over EUR10bn

4 March 2021 Comments Off

Piraeus Bank considers two new NPE securitizations totaling over EUR10bn in 2021-22, NPL Confidential had reported on February 4th that…

National Bank calls for Halyvourgiki to be put in special management

4 March 2021 Comments Off

National Bank filed on February 23 an application with the Athens Single-Member Court of First Instance for the inclusion of Halyvourgiki in a special management regime. The bank has receivables of over 296 million euros from the company

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

The EU’s regulatory and supervisory response to addressing NPLs

15 February 2021 Comments Off on The EU’s regulatory and supervisory response to addressing NPLs

Concerns around NPLs are growing, as the impact of COVID-19 crisis related responses on banks’ balance sheets begin to be…
ΕU countries to receive the first trance of Recovery Fund by mid-year

3 February 2021 Comments Off on ΕU countries to receive the first trance of Recovery Fund by mid-year

Piraeus Bank eyes two new NPE securitizations over EUR10bn

4 March 2021 Comments Off

Piraeus Bank considers two new NPE securitizations totaling over EUR10bn in 2021-22, NPL Confidential had reported on February 4th that…

National Bank calls for Halyvourgiki to be put in special management

4 March 2021 Comments Off

DBRS Morningstar: Hercules Helps Greek Banks Lower their NPE Stock, But Not a ‘Job Done’ Yet

4 March 2021 Comments Off

DBRS Morningstar has released a commentary discussing the significant reduction in the non-performing exposure (NPE) stock of the four systemic…

Fitch: Greek Banks’ Progress with De-Risking is Credit-Positive

24 February 2021 Comments Off

Progress by systemic Greek banks in de-risking through planned securitizations making use of the Hercules Asset Protection Scheme (HAPS), after pandemic-related delays in 2020, is credit-positive.

Alpha Bank – Davidson Kempner deal closed

22 February 2021 Comments Off

Alpha Bank and Davidson Kempner f completed the agreement on the securitization of problem loans amounting to 10.8 billion euros and they buy out of 80% of Cepal

Piraeus received three binding bids for POS sale

5 February 2021 Comments Off

Piraeus Bank received three binding bids for cards business. according to a bank source.
Pursuant to its already announced internal capital generation plan, Piraeus Bank received binding bids for its cards merchant acquiring business.

Th. Pelagidis: ECB May Be In Liquidity Trap

29 January 2021 Comments Off on Th. Pelagidis: ECB May Be In Liquidity Trap

The rapid delivery of EU Covid emergency funds was more important than ever, Pelagidis said, warning that financial conditions could worsen further due to cliff effects following the expiration of pandemic loan moratoria and state support measures.
Goldman Sachs takes on all big state, banking contracts – the role of Harry Eliades

18 January 2021 Comments Off on Goldman Sachs takes on all big state, banking contracts – the role of Harry Eliades

AIB sells €600m of non-performing mortgage loans to Mars

23 February 2021 Comments Off on AIB sells €600m of non-performing mortgage loans to Mars

Irish AIB is to sell 4,000 non-performing mortgage loans to Mars Capital Finance, the majority of which are held by… You need to be logged in order to read this article. Login here *If you
EU finance ministers, are preparing an action plan to tackle NPLs

20 January 2021 Comments Off on EU finance ministers, are preparing an action plan to tackle NPLs

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

Auctions frozen only in Greece and Hungary

News

Νational Bank received four non-binding bids for EUR6.1bn Frontier NPE securitization

Piraeus Bank eyes two new NPE securitizations over EUR10bn

National Bank calls for Halyvourgiki to be put in special management

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

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

Th. Pelagidis: ECB May Be In Liquidity Trap

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

The EU’s regulatory and supervisory response to addressing NPLs

HIGHLIGHTS

Piraeus Bank eyes two new NPE securitizations over EUR10bn

National Bank calls for Halyvourgiki to be put in special management

DBRS Morningstar: Hercules Helps Greek Banks Lower their NPE Stock, But Not a ‘Job Done’ Yet

Fitch: Greek Banks’ Progress with De-Risking is Credit-Positive

Alpha Bank – Davidson Kempner deal closed

Piraeus received three binding bids for POS sale

People

Th. Pelagidis: ECB May Be In Liquidity Trap

Global

AIB sells €600m of non-performing mortgage loans to Mars

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