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Home2020

Year: 2020

Eurobank submitted an application  to HERCULES for Cairo III project
News

Eurobank submitted an application to HERCULES for Cairo III project

15 May 2020 Editors

 Eurobank Ergasias  announced today that submitted an application to the Ministry of Finance  for opting into HERCULES scheme of the…

NBG talks with Bain Capital in a brand new context
Finance

NBG talks with Bain Capital in a brand new context

15 May 2020 Editors

National Bank of Greece  continues intensive talks with Bain Capital so as to agree on all of its 3 pending…

Greek banks borrowed EUR9.2bn from the ECB in April
Highlights

Greek banks borrowed EUR9.2bn from the ECB in April

15 May 2020 Editors

Greek banks faced liquidity strains in April reverting for one more time to the ECB for support. Their reliance on…

Greece has the highest loan recovery rate in Europe
Featured

Greece has the highest loan recovery rate in Europe

15 May 2020 Konstantinos Papagrigoris

The recovery rate of problem loans in Greece and Cyprus reached 12 percent when in Spain and Portugal it came in at half that (6 percent) and in Italy only 2.4 percent.

Bain asks for an additional 30% discount to the upfront price of ICON
Featured

Bain asks for an additional 30% discount to the upfront price of ICON

14 May 2020 Editors

National Bank is considering broadening the scope of Icon sale to Bain, also including Romanian and Cypriot NPL portfolios. In the process, though, NBG may have to accept lower prices to dispose the portfolios.

EBRD and Staikouras have different estimates on how deep Greece’s recession will be
Finance

EBRD and Staikouras have different estimates on how deep Greece’s recession will be

14 May 2020 Editors

The European Bank for Reconstruction and Development (EBRD) expects Greek economy to contract by -6% this year before rebounding +6%…

Revised Eurobank-doValue deal set for completion by end May
News

Revised Eurobank-doValue deal set for completion by end May

14 May 2020 Konstantinos Papagrigoris

doValue has raised the issue of modifying parts of the agreement, such as increasing the duration of the period managing Eurobank’s non-performing exposures by FPS from 10 years to 12 and changing management fees to make up for losses from expected drops in future revenues.

Andrea Enria: The current crisis is a wake-up call
Experts

Andrea Enria: The current crisis is a wake-up call

13 May 2020 Christos Ziotis

Chair of the ECB’s Supervisory Board estimates that non-performing loans will increase substantially, despite all the support measures that have been taken.

Leveraged lending: banks exposed to risks amid COVID-19
Highlights

Leveraged lending: banks exposed to risks amid COVID-19

13 May 2020 Editors

Current market conditions draw attention to the specific risks stemming from leveraged loans (.e. loans to highly indebted borrowers). According…

Blackrock invests in Alpha Bank, Moody’s warns all Greek Banks
Finance

Blackrock invests in Alpha Bank, Moody’s warns all Greek Banks

13 May 2020 Editors

Alpha Bank said that Blackrock’s indirect stake in the bank rose above the 5% disclosure threshold, to 5.48%, excluding the…

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  • Up to 28,600 euros in savings for borrowers thanks to the Ministry of Finance’s amendment
  • Loan Servicers: Maximum Fines Increased Tenfold to €5 Million – Stricter Regulatory Framework for Debt Management Companies
  • CrediaBank Acquires €37.4 Million Portfolio of Re-Performing Mortgage Loans in Landmark Deal for Greek Banking Market
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  • Galaxy Cosmos Mezz Receives €1.2 Million in Coupon Payments
  • Servicers Explain Their Absence from Parliamentary Hearing, Citing Last-Minute Invitation
  • Servicers: Strong Discontent Over Withdrawal of Article 23 – Faster Debt Recoveries Now in Limbo
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  • Piraeus Bank: Puts Four Non-Performing Loan Portfolios Up for Sale
  • Prime Properties Being Auctioned Off by Ethniki Leasing
Alpha Bank attica bank auctions Bank of Greece Banks Cepal doValue Eurobank HERCULES Intrum Loans National Bank NPEs npl NPLs Piraeus Bank Qualco Real Estate servicers Supreme Court
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