March 2020 - Page 2 of 6 - NPL Confidential

Alpha Bank: Galaxy project delayed due to coronavirus

30 March 2020 Christos Ziotis

Alpha Bank has decided to push back dates for non-binding bids to be submitted on the Galaxy project and hold off on the signing of a binding deal for Neptune project.

Karavias to JP Morgan: “No delays to the Cairo Project”

30 March 2020 Konstantinos Papagrigoris

Eurobank CEO F. Karavias appeared confident that the Cairo Project will proceed with no delays, due to the coronavirus pandemic.…

A. Enria : SSM will use Maximum Flexibility in Evaluating the Implementation of the ongoing plans to reduce NPLs

30 March 2020 Christos Ziotis

SSM : – will use maximum flexibility in evaluating the implementation of the ongoing plans to reduce past non-performing loans.
– Have eased capital and liquidity constraints.

Eurobank: DoValue deal on FPS completed

26 March 2020 Konstantinos Papagrigoris

Eurobank and Dovalue have completed the FPS deal.
Eurobank has announced for 2021 that it will securitize NPEs worth 1.7 billion euros and sell a 0.4 billion euro portfolio.

Piraeus Bank gets one offer for 550 mill.euros NPEs

26 March 2020 Christos Ziotis

Piraeus Bank gets one binding bid for auctioned EUR0.55bn single-name NPEs,
Only Comer submitted an offer with some conditionalities attached.

News

Attica Bank signed contract with QQuant for 435 mil.euros NPLs management

25 March 2020 Konstantinos Papagrigoris

Attica Bank signed a contract with QQuant Master Servicer, an NPLs servicer, for the management of its NPLs portfolio, worth…

Alpha Bank postpones Galaxy and Cepal Sale

24 March 2020 Christos Ziotis

Alpha Bank is going to postopone the deadline for non-binding bids in project Galaxy and the Cepal Sale.
Pimco, Lone Star, Bain, Elliott, Cerberus and Varde will reportedly participate in the process,
Completion of project Galaxy will reduce Alpha’s domestic NPE stock to EUR3.5bn by 2022

MIG Loans are Frozen

23 March 2020 Christos Ziotis

All procedures concerning MIG Group loans freeze until newer instructions are announced. The loans had been estimated at 548.8…

ECB’s SSM consent to give banks more flexibility in NPE classification

23 March 2020 Christos Ziotis

Single Supervisory Mechanism, provided y banks with more flexibility on the classification of non-performing loans *** Capital relief amounts to €120 billion *** The ECB supports all initiatives aimed at providing sustainable solutions to temporarily distressed debtors***ECB understands that current NPEs targets are unrealistic.