May 2020 - Page 9 of 10 - NPL Confidential

This is how the new BoG’s bad bank plan will work

7 May 2020 Editors

The Greek Bad Bank plan aims to include both the current stock of non-performing loans, (about 68 billion euros) as well as the new NPLs created by the CoViD-19 crisis.

ΕU Commission: Greek GDP is to contract the most, by 9.7 percent.

6 May 2020 Editors

Italy, Greece, Spain, and Portugal will be among the hardest hit by the economic effects of the pandemic, while Luxembourg,…

Greece plans to raise EUR 4bn from the markets until the end of 2020

6 May 2020 Editors

Assuming new issuances of EUR4bn, a pick-up in outstanding T-bills raising the stock back to EUR12.5bn and a Covid-19 fiscal cost of EUR12bn, the state coffers could end 2020 with approximately EUR30bn, providing ample resources for weathering the crisis.

National Bank: Securitizations, loan restructurings the medicine to the coronavirus

6 May 2020 Konstantinos Papagrigoris

The completion, albeit delayed, of planned securitizations and at the same time, continued restructuring of NPEs through the “Split & Settle” program are the two key parts of the strategy being implemented by the management of the National Bank of Greece.

doValue asks for minor adjustments to complete the Cairo

5 May 2020 Editors

doValue has asked Eurobank for minor tweaks, such as changes in the timing of management fees and the extension (by 1-2 years) of the servicing agreement.

Pancretan Bank weighs up 300 mln euro loan securitization

5 May 2020 Konstantinos Papagrigoris

According to NPL Confidential’s sources, the bank is leaning towards transferring the management of the problem loans as part of efforts to improve its balance sheet and has started initial contacts with the market to assess the existing environment.

New 3 month T bill on May 6

4 May 2020 Editors

The Greek debt agency (PDMA) will auction 3-month T-bills on May 6, seeking to raise up to EUR 1 billion. The amount to…

Can Greece achieve a V-shaped recovery ?

4 May 2020 Christos Ziotis

Greece’s 2020 Stability Programme baseline scenario forecasts a 4.7% recession for this year, while the adverse scenario sees a deeper contraction (7.9%).

Yannis Stournaras’ new plan for a “bad bank”

4 May 2020 Editors

The Bank of Greece is working on a plan for the creation of a “bad bank” to which all nonperforming loans (NPLs) of banks will be transferred. Still, as reported by the FT, the EC recently rebuffed an ECB proposal for a euro zone-wide bad bank.

AEGEAN seeks assistance

4 May 2020 Editors

Aegean’s EUR500m-plus cash allows some flexibility to confront the virus turmoil. But this is not adequate given that yesterday the European Commission has approved a €7 billion French aid measure consisting of a State guarantee on loans and a shareholder loan to Air France.