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Home2020October

Month: October 2020

Why ECB backs the idea  of a bad bank
Editorial

Why ECB backs the idea of a bad bank

14 October 2020 Editors

EU officials, however, rebuff the idea refusing to relax state-aid rules, which preclude the set-up of bad-banks, unless in formal resolution processes where losses have been imposed on shareholders, bondholders.

A.Enria warns banks that 1.4 trillion euros in bad loans  may result  from the pandemic
News

A.Enria warns banks that 1.4 trillion euros in bad loans may result from the pandemic

13 October 2020 Editors

The European Central Bank rings an alarm bell banks to clean their balllance sheets and to take adequate provisions, as…

Government tables to parliament new insolvency code, coming into force in 2021
News

Government tables to parliament new insolvency code, coming into force in 2021

13 October 2020 Christos Ziotis

What the the new code foresee? How much the state will pay to fund vulnerable borrowers entitled to a subsidy on the rent of the leased-back property.

Pimco bids for Galaxy and takes aim at Frontier from National Bank
News

Pimco bids for Galaxy and takes aim at Frontier from National Bank

13 October 2020 Konstantinos Papagrigoris

What will the US giant do in the Greek NPL market? Where will it strike next?

EBRD acquires new packages of NPLs from Greek banks
News

EBRD acquires new packages of NPLs from Greek banks

13 October 2020 Konstantinos Papagrigoris

Why is EBRD buying more NPLs?

Piraeus Bank, Eurobank ask Axia Ventures to resume talks with HIG Capital on Kypriotis loans
News

Piraeus Bank, Eurobank ask Axia Ventures to resume talks with HIG Capital on Kypriotis loans

12 October 2020 Konstantinos Papagrigoris

  Piraeus Bank and Eurobank have asked Axia Ventures to resume talks with HIG Capital for the loans of the Kypriotis…

Binding bids on Galaxy to be submitted next week
News

Binding bids on Galaxy to be submitted next week

12 October 2020 Konstantinos Papagrigoris

Binding offers for the Galaxy project are expected to be submitted to Alpha Bank next week, the largest NPE loan…

MIG: In search of Deus ex Machina
News

MIG: In search of Deus ex Machina

12 October 2020 Editors

How talks are proceeding with potential buyers on companies in the group.

Auditors spot first dozen of listed companies ready to show bad debts
News

Auditors spot first dozen of listed companies ready to show bad debts

12 October 2020 Editors

What concernings signs have been spotted by auditors in the first half financial reports of the listed companies.

Greek banks contemplate a EU5 bln NPL increase
Highlights

Greek banks contemplate a EU5 bln NPL increase

9 October 2020 Konstantinos Papagrigoris

What do the management teams of systemic banks see regarding the NPL legacy left behind by the crisis.

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