April 2020 - Page 10 of 10 - NPL Confidential

The extension of primary residency protection until the end of the year, puts a halt to banks and servicers

3 April 2020 Konstantinos Papagrigoris

* Current legal framework for the protection of primary residences an extension until the end of 2020.

Piraeus Bank: 5 tender sales on corporate loan above 1.5 bln euros

2 April 2020 Konstantinos Papagrigoris

Christos Megalou was very clear a few days ago when he told analysts that the bank’s plans are moving ahead and will be implemented as soon as conditions allow it..

Delays on Servicers Cash Flow after a three month suspension in loan payments

2 April 2020 Editors

Servicers and Banks are expected to face delays on cash flow after Government’s decision to give a three month suspension to loan payments .

George Zavvos: The zero risk weight issue on Hercule’s senior bonds, is resolved

2 April 2020 Editors

Deputy Minister of Finance , George Zavvos, who is responsible for the banking sector said in an interview that banks today are not part of the problem but a part of the solution.

Spread betwen loan and deposit rates stands at 4,15%

2 April 2020 Christos N Konstas

Greece’s weighted average interest rate on new deposits remained almost unchanged in February compared to the previous month. The corresponding…

Takis Kanellopoulos, extent of the correction of the market is not seen yet

2 April 2020 Athina Korlira

Takis Kanellopoulos one of the founders of TITAN Cement International and Head of the company’s international investment relations, gives NPL…

Stournaras warns on the risk of new Sovereign Debt Crisis

1 April 2020 Editors

The Governor at Bank of Greece, recommended jointly issued bonds.
It’s also likely that the quality of assets on banks’ balance sheets will deteriorate, and soured loans are expected to increase.

National Bank’s 6 bln euro Frontier securitization on course

1 April 2020 Konstantinos Papagrigoris

Despite the crisis National Bank is moving ahead with the securitization of 6 bn. euros NPLs. the project “Frontier”.
The bank has booked 800 mil.euros one-off profit in Q1.