May 2020 - Page 3 of 10 - NPL Confidential

Beware of Coco-mat intangible assets

25 May 2020 Editors

After the Akazoo-MLS experience, investors, analysts, and accountants are paying special attention to intangible assets, when checking out a company.…

National Bank about to close Icon deal with Bain Capital after changes

25 May 2020 Konstantinos Papagrigoris

The two sides are close to an agreement after having completed several changes to the initial terms and price of the deal. The US fund is pushing for a 30 percent cut in the initial price, while offering to add earn-out terms to the deal.

Intrum doubles its bond issuance programme to 5.5 billion euros

22 May 2020 Editors

Intrum, Europe’s biggest debt collector announced that it decided to increase its aggregate nominal amount on the existing MTN framework which enables the company to issue bonds in the Swedish market.

Securitised loans to euro area households amounted to €754 billion at Q1 2020

22 May 2020 Editors

In the first quarter of 2020 the outstanding amount of debt securities issued by euro area financial vehicle corporations (FCVs) engaged in securitization decreased to €1,526 billion, from €1,565 billion at the end of the previous quarter.

Deloitte has asked Dromeus Capital for a 20% discount on rent

22 May 2020 Editors

The real estate sector has been under pressure, due to the coronavirus pandemic. Requests to owners to gradually lower rents have increased, for both retail stores and offices, as businesses are getting ready to tackle the consequences of the recession.

Greek banks’ ECB funding increase will mitigate their profitability pressure

22 May 2020 Editors

Banks’ increased ECB funding will help them mitigate the challenge to their profitability as the coronavirus-related
economic disruption reduces quality lending opportunities, erodes fee and commission income and leads to lower trading gains and potential losses on investment securities.

Countries hit harder by the pandemic my fall behind further for a long time

21 May 2020 Editors

Countries could fall behind both in the shorter and longer-term due to lower growth potential, according to Rolf Strauch, Chief Economist and Management Board Member at the ESM.

Em.Grimaldi is targeting two over-debt shipping companies

21 May 2020 Editors

A representative of Emanuele Grimaldi in Greece had contacts with a Greek systemic bank that has a large exposure in two shipping companies.

New platform for home protection set for July 1

21 May 2020 Konstantinos Papagrigoris

Greece’s Finance Ministry is in advanced negotiations with institutional creditors on the new legal framework protecting mortgage holders hit by the coronavirus pandemic from losing their home due to unpaid debt. As of July 1, a special platform will operate to receive applications from interested parties.

Mitsotakis announced another support package

21 May 2020 Editors

The government announced yesterday another support package, this time targeted at tourism and employment. In a TV address, the prime…