June 2020 - Page 9 of 12 - NPL Confidential

Intrum: 56% of Greeks fear late payments will have a high impact on liquidity squeeze

Intrum: 56% of Greeks fear late payments will have a high impact on liquidity squeeze

9 June 2020 Editors

What does research from Intrum show on the so-called misery indexes in Greece? What is the financial impact of the Covid-19 crisis on the business outlook, the effects on the payment landscape, and financial behavior? The survey was conducted among financial executives and business leaders in 9,980 companies across 29 European countries.

Greece to tap debt markets with a new 10-year bond

Greece to tap debt markets with a new 10-year bond

9 June 2020 Editors

ssuming EUR4bn new issuance, a pick-up in T-bills issuance (raising the stock back to EUR12.5bn vs cEUR10.5bn in March) and a Covid-19 budget cost to the tune of EUR12bn, the State coffers could end 2020 at cEUR30bn, providing ample resources for weathering the crisis.

National Bank works on 6 bln euro mortgage loan securitization

National Bank works on 6 bln euro mortgage loan securitization

9 June 2020 Konstantinos Papagrigoris

The bank is looking ahead and now basic planning includes the securitization of housing loans worth more than 6 billion euros, taking advantage of the Hercules program.

FF Group, state search for hidden assets from Koutsoulioutsou family

FF Group, state search for hidden assets from Koutsoulioutsou family

9 June 2020 Editors

After the auction of the luxurious yacht belonging to the Koutsoulioutsou family, the new management of Follie Follie and the Greek State, is looking for the family’s hidden assets in order to cover liabilities and secure liquidity.

HAASOB monitors ten companies

HAASOB monitors ten companies

9 June 2020 Editors

The case of MLS seems to be the tip of the iceberg as the Hellenic Accounting and Auditing Standards Oversight…

Intertrust Group: Distressed Funds Set to Flourish in Post-COVID World

Intertrust Group: Distressed Funds Set to Flourish in Post-COVID World

9 June 2020 Editors

*90% of US private equity fund managers predict rise in distressed fund deal flow
*81% predict improved fundraising climate for distressed funds
*Private debt biggest area of diversification

National Bank of Greece sells ICON to Bain Capital for €337 million

National Bank of Greece sells ICON to Bain Capital for €337 million

5 June 2020 Editors

National Bank of Greece announced that it has reached agreement to sell a non-performing secured corporate loan portfolio (Project Icon).

do Value buys 80% of FPS for €211 million,

do Value buys 80% of FPS for €211 million,

5 June 2020 Editors

Deal in line with the agreement announced in December 2019. Exclusivity on Eurobank future NPE production extended to 14 years.

Eurobank completed “Europe” and “Cairo” transactions with doValue

Eurobank completed “Europe” and “Cairo” transactions with doValue

5 June 2020 Editors

The transactions signals the completion of the accelerated NPE reduction plan announced November 26th, 2018.
NPE ratio falls at 15.6%. Strategic partnership with doValue through the sale of 80% of Eurobank Financial Planning Servicess.

National Bank to announce the sale of Icon to Bain Capital

National Bank to announce the sale of Icon to Bain Capital

5 June 2020 Editors

National Bank of Greece (NBG) is expected to announce today the sale of the Icon portfolio to Bain Capital, overcoming…

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