2020 - Page 40 of 77 - NPL Confidential

Discounts on NPLs sold by banks rises by some 10% from 2018

3 July 2020 Editors

What are the new-steeper discounts on bad loan deals? Aggregate consideration in current transactions is almost 10% lower compared with 2018.

doValue-Bain Capital hook up on Icon project

2 July 2020 Konstantinos Papagrigoris

DoValue announced Thursday a deal with Bain Capital on the management of the Icon project, fully confirming a recent story…

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

2 July 2020 Editors

Intrum published a white paper that confirms the negative 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..

Alpha Bank, is set to receive today non-binding offers on Galaxy

2 July 2020 Konstantinos Papagrigoris

Those interested in the project will eventually be more than the five already known (Bain Capital, Fortress, Lonestar, Centerbridge and PIMCO), although in this case, PIMCO seems to be the favorite.

Alpha Bank sells Neptune to Fortress for 264 million euro

2 July 2020 Editors

The Bank has entered a binding agreement with Poseidon Financial Investor. The transitional servicing of the Neptune Portfolio will be undertaken by “Cepal Hellas Financial Services.

National Bank of Greece hires Morgan Stanley for Frontier project

1 July 2020 Editors

On what terms has Greece’s National Bank (NBG) hired Morgan Stanley as an adviser ahead of a planned sale of more than 6.0 billion euros ($6.73 billion) of non-performing loans?

Cyprus, rise in non-performing loans in 2021

1 July 2020 Editors

Central Bank of Cyprus Governor Constantinos Herodotou said on Tuesday he expected a rise in non-performing loans in 2021 because…

Stournaras-Zavvos battle it out over bad bank

1 July 2020 Konstantinos Papagrigoris

What is hidden behind the battle between Bank of Greece (BoG) Governor Yiannis Stournaras and Deputy Finance Minister Giorgos Zavvos over the set up of a bad bank to handle non-performing loans (NPLs). What is going on behind the scenes.

Alpha Bank to auction P. Psycharis villa in Psychiko in September

1 July 2020 Konstantinos Papagrigoris

Alpha Bank will proceed with the auction of a villa belonging to Stavros Psycharis, son of the once powerful publisher,…

Νational Bank launches investor contacts on Frontier project

30 June 2020 Konstantinos Papagrigoris

The bank has started approaching investors in summer on the securitization of the Frontier project with non-performing loans more than 6 billion euros.