September 2020 - NPL Confidential

Greece extends Bridge program by one month to end Oct.

30 September 2020 Editors

Finance Minister Christos Staikouras said on Wednesday that the deadline for the Bridge program will be pushed back to October…

Bank of Greece tables the bad-bank proposal

30 September 2020 Editors

What does the plan submitted to the government by Yiannis Stournaras to create an Asset Management Company include. What are the weaknesses of the plan?

Commission will organize an NPL expert meeting on 5 October.

30 September 2020 Editors

Topics which were disused during the round table last Friday included a possible approach to improve the usability of national Asset Management Companies (AMC), the state of play of the Commission’s proposal for a Directive on credit servicers and credit purchasers, initiatives to improve data standardization and data infrastructure on secondary markets for NPLs, and a presentation of the Commission’s recent proposal on the securitization of non-performing exposures (NPEs).

IMF sees Hercules 2 for Covid-19 NPEs

30 September 2020 Konstantinos Papagrigoris

The IMF delegation estimates that Hercules can get an extension (“Hercules 2”) in order to handle the new non-performing loans emerging from the Covid-19 crisis,

Piraeus Bank to shoulder loss of up to 1.7 bln euros from securitization projects

29 September 2020 Christos Ziotis

What the bank says about the losses that will arise due to the implementation of these loans.

Finance Ministry pushes for extension to Bridge Program

29 September 2020 Konstantinos Papagrigoris

Greece’s Finance Ministry has been exerting pressure on the country’s official sector lenders in the last few hours in order to get a positive response to providing a short extension on the Bridge Program.

The deadline of for the “Bridge” program must be extended until the end of 2020.

28 September 2020 Editors

Aikaterini Fragkaki, Lawyer- Barrister advocates on the extension of the program, giving relief to debtors hit by the crisis.

Intrum: Risk from debtors and credit loss in Greece are highest in Europe

28 September 2020 Editors

Why Greece is performing poorly, according to a study from the Swedish company.

Alpha Bank trasfers NPE management to Cepal

28 September 2020 Editors

Apha Bank announced the launch of the process for the transfer of its NPE Management Operations (carve-out) to Cepal .…

Pimco, Davidson Kempner, Cerved and Credito Fondiario eye Galaxy – US group remains favorite

28 September 2020 Konstantinos Papagrigoris

Which investors Alpha Bank sees as being favourites for the project. What does the lender’s carve out project mean for investors and employees, when will the “new bank” be formed.