June 2020 - Page 10 of 12 - NPL Confidential

Crucial meeting between Piraeus Bank-Comer group on MIG loans

5 June 2020 Konstantinos Papagrigoris

Market talk has been growing that the management of Piraeus Bank will have a crucial meeting with Ireland’s Comer Group regarding the sale of MIG loans.

From the Jupiter portfolio to going up for sale amidst pandemic

4 June 2020 Editors

The boutique hotel in Thessaloniki, which used to operate as “Zaliki Boutique Hotel”, had fallen into the hands of Alpha Bank and then included in the Jupiter portfolio. The hotel is now for sale for 1.8 million euros .

ECB extends Pandemic Emergency Purchase Program by €600 billion to €1,350 billion.

4 June 2020 Editors

ECB will reinvest PEPP holdings until at leat end of 2022,
– increases Pandemic Purchase Program by 600 billion euros,
– extends Pandemic Purchase Program to at least June 2021.

Apartment prices increased by 6.9% y-o-y in the first quarter of 2020

4 June 2020 Editors

According to data collected from credit institutions, nominal apartment prices are estimated to have increased, on average, by 6.9% year-on-year…

Greek GDP fell 0.9% in Q1

4 June 2020 Editors

The Greek GDP fall less than expected in the first quarter of they year. According to the ELSTAT release Greek…

Pandemic spurs 6-7 bln euros of bad debt

4 June 2020 Konstantinos Papagrigoris

Bad debt created by the coronavirus pandemic is expected to be in the range of 6 to 7 billion euros, confirming optimistic scenarios put forth by the management of Greek banks.