December 2020 - Page 6 of 7 - NPL Confidential

doValue Greece sets up a real estate company

7 December 2020 Editors

doValue Greece expands its activity in the real estate market,
Via “doValue Greece Real Estate Services”,

Βottom end of NPEs poses problems for Hercules II

7 December 2020 Konstantinos Papagrigoris

Concerns prevail in view of the second round of securitizations for 2021 totaling 30 billion euros is that the quality of these portfolios will be too low to draw significant investment interest from abroad and, of course, be backed by the state guarantees of Hercules II.

Auctions of the well-known

7 December 2020 Editors

Auctions of Grand Sale Hotel in Kefalari, Boutaris winery assets, Goulandris apartment in Stisichorou, are on the list.

Covid crisis to double NPLs in Spain to EU 160 bn

6 December 2020 Editors

The economic crisis caused by Covid could double the current stock of bad loans in Spain to 160 billion euros,…

SSM warns banks on credit risk

5 December 2020 Editors

For credit facilities that do not meet the criteria for general payment moratoria, banks should assess and classify accordingly, on a case-by-case basis, if the modifications satisfy the definition of concession and meet the financial difficulties criteria.
-Banks should not rely solely on days past due as a trigger for a significant increase in credit risk.
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Piraeus Bank gets 150 mln euro breather from CVC-Vivartia deal

4 December 2020 Konstantinos Papagrigoris

The management of Piraeus Bank welcomed with great relief the MIG deal concerning the sale of Vivartia to CVC given…

Piraeus Bank starts work on 14 bn euro Faith securitization

4 December 2020 Editors

Before completing Vegas and Phoenix securitizations the management of Piraeus Bank is preparing a new package code-named Faith. The amount of loans that will be included in this package is estimated to reach 14 billion euro.s

Giuseppe Gianno and Euroxx behind the Vivartia and Singular deals

3 December 2020 Konstantinos Papagrigoris

President of Euroxx, Giuseppe Gianno, one of the most experienced market players, has been congratulated by other market participants for his successful involvement in two of the biggest business deals of the year, the sale of Vivartia and Singular Logic.

EBA extends Covid loan moratoria through March

2 December 2020 Editors

European regulator gives to borrowers more breathing space. Also give to supervisors the opportunity , if necessary, to take action to ensure appropriate recognition of losses.

European Commission will present a new NPL strategy .

2 December 2020 Editors

The Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG Fisma), will release a “new comprehensive NPL [non-performing loan] strategy” in two weeks.