2020 - Page 17 of 77 - NPL Confidential

Banks: where they disagree on the bankruptcy code

16 October 2020 Konstantinos Papagrigoris

Banks have expressed a series of reservations on some critical points on a bill updating Greece’s bankruptcy code in parliament.…

National Bank sell Cypriot NPLs to Bain Capital at 31%of GBV

16 October 2020 Editors

What the Cypriot portfolio sold by NBG includes, the discount offered.

Loan servicers seeking safeguards in new bankruptcy code

16 October 2020 Konstantinos Papagrigoris

Non-performing loan management companies are pushing for further safeguards regarding the inclusion of individuals in the out-of-court settlement procedure.

News

Ministry of Finance hires Lazard to look at bad bank plan

16 October 2020 Konstantinos Papagrigoris

Lazard will judge the future of the BoG’s bad bank proposal after being mandated by the Finance Ministry to review the project.

Banks and Loan Servicers express their objection on bankruptcy code in Parliament

16 October 2020 Konstantinos Papagrigoris

Objections raised by banks that focus on out-of-court debt settlements for individuals, who are not traders, and for this reason, they are expected to request stricter criteria, based on which an individual can apply for out-of-court settlement of debts (precautionary restructuring).

The Cairo Mezz stock conundrum

15 October 2020 Editors

What do the share’s price movements shows about the pace of NPLs recoveries?

Bundesbank expects a surge in bad loans

15 October 2020 Editors

The Budesbnank, Germany’s central bank, warned banks that of non-performing loans will increase. In a simulation the value adjustments could increase…

Greek banks reliance to ECB at EUR39.0bn in September

15 October 2020 Editors

Greek banks’ ECB borrowings (entirely LTROs) increased by EUR2.2bn m-o-m to EUR39.0bn in the end of September. Based on the…

Hercules II gets the green light with increase in state guarantees to 20 bln euros

14 October 2020 Konstantinos Papagrigoris

Αccording to NPL Confidential sources, deputy fin min Zavvos, is preparing Hercules II and increasing state guarantees by 12 billion euros to 20 billion euros.

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.