May 2020 - Page 7 of 10 - NPL Confidential

Moody’s cuts Greek banks’ outlook to stable from positive due to NPE increase

13 May 2020 Editors

Moody’s affirms Greek banks’ credit ratings but cuts outlook to stable from positive Mirroring a move by S&P on 27…

doValue: 3 million euros loss in Q1 2020 vs net profit of €7.7 million in Q1 2019.

13 May 2020 Editors

Group collections in the first quarter of 2020 amounted to €0.9 billion, up from €0.4 billion in the first quarter of 2019, thanks to the consolidation of Altamira Asset Management. Developments in base fees benefited from the positive contribution of servicing activities in Greece through the doValue Hellas subsidiary.

Banks, loan servicers see less dramatic rise in NPEs

13 May 2020 Konstantinos Papagrigoris

Bank and loan servicer officials have been expressing their optimism in recent days that NPEs may not rise as dramatically as first thought due to the coronavirus pandemic.

Hercules will come late in Greece, says Standard and Poors

12 May 2020 Editors

The credit rating agency believes the emergence of the coronavirus and measures to contain the outbreak have stopped the positive economic momentum in Greek and Cypriot banking industries.

Eurobank-doValue deal a crash test for Hercules plan

12 May 2020 Konstantinos Papagrigoris

Under these circumstances, Hercules plan is unable to achieve the expected disposal of problem assets and now the market considers the Eurobank-doValue agreement to be a critical crash test for Hercules in view of the difficult conditions.

Will Fraport be given grace period on obligations to Greek state, banks?

11 May 2020 Editors

Amounts owed by the company to the Greek government are rising. Fraport has also has borrowed loans worth 986.4 million euros from a bank consortium, to buyout 14 of the country’s regional airports.

Due diligence will determine the final price for Porto Carras

11 May 2020 Editors

After the deal for selling Porto Carras was signed, interest now is focused on the full due diligence deal from…

Greece to subsidize monthly payments of mortgages with a bridge programme ramme

11 May 2020 Editors

To contain NPL increase this year due to economic slowdown, the Greek government is planning to subsidize mortgage loans for lenders hurt by the Convid-19 crisis, revealed Finance Minister Christos Staikouras revealed today.