April 2020 - Page 4 of 10 - NPL Confidential

Stournaras; a bad bank must be set up quickly. NPEs expected to increase by as much as 11% in 2020

21 April 2020 Editors

ECB officials, worry that the lock down due to coronavirus pandemic and the subsequent recession will trigger another surge in non-performing loans (NPLs). Bank of Greece reportedly expects NPE ratio to climb by 4%-11% due to Covid-19 crisis.

State loans that will partially not be repayed?

21 April 2020 Editors

Returnable Deposit scheme. along with a new Guarantee Fund for Small and Medium Enterprises and a program for subsidizing interest for loans paid on time, will cover 500 500 thousand enterprises.

DBRS Morningstar on opening of Greek NPL servicing market to benefit NPL management

21 April 2020 Editors

DBRS Morningstar released a commentary titled, “Opening of Greek NPL Servicing Market to Benefit NPL Management”.
This commentary focuses on the Greek nonperforming loan (NPL) servicing market and changes that DBRS Morningstar has noticed in the servicing market in Europe.

Debt restructuring model changes, extensions up to three years offered

21 April 2020 Konstantinos Papagrigoris

Short-term loan extensions currently offered to up-to-date borrowers struggling to keep up are currently 6 to 9 months. But new longer extensions will be offered for two, and on many occasions, three years.

Regulatory, monetary and fiscal policy initiatives in response to the COVID-19

20 April 2020 Editors

Discretionary 2020 fiscal measures adopted in response to coronavirus by 16 April 2020*, % of 2019 GDP Immediate fiscal…

Distressed assets attract fresh funds

20 April 2020 Editors

Pimco, Oaktree Capital Group and Cerberus gather funds to invest in stress or distressed debt.

ΚEPE, a recession will harm efforts to reduce bad loans

20 April 2020 Christos Ziotis

A recession will have a negative impact on the ongoing efforts to reduce NPLs, according to an econometric analysis conducted by KEPE. (Centre of Planning and Economic Research) .

Porto Carras , a success story in a complicated NPL Market

16 April 2020 Editors

The 205 million euros deal had a positive impact in the banking sector as well.

Stournaras, coronabonds are necessary

16 April 2020 Christos Ziotis

“The package of fiscal measures proposed by the eurogroup of eurozone finance ministers last week had, failed to go far…

New specialized products planned for NPE restructurings

16 April 2020 Konstantinos Papagrigoris

The reduction in revenues from debt being repaid normally, but has now been hit by the downturn, is less, at 30 percent.
Under these conditions, banks and loan servicers are immediately adopting new, more specialized, customized products to support their customers.