2020 - Page 62 of 77 - NPL Confidential

Mitsotakis: 3month extension to primary residence protection

30 April 2020 Athina Korlira

The Prime Minister announced earlier the extension of primary residence protection for another 3 months. Speaking at the Parliament Plenary…

Mitsotakis gave three months extension of primary residence protection

30 April 2020 Editors

The Prime Minister announced earlier the extension of primary residence protection for another 3 months. Speaking at the Parliament Plenary this morning,…

T. Kalantonis: NPLs will reach 80 billion euros

29 April 2020 Editors

Foreclosures are absolutely necessary to implement enforced measures. The solution of a bad bank is not in the government’s plans unless it becomes a pan-European initiative.

Rethink your Communication in the Age of Coronavirus

29 April 2020 Editors

COVID-19 is a danger to our economies. In times like these, people need to look up to their leaders. A communication mechanism is the most important investment. i

These are the new capital relief measures by the Commission

29 April 2020 Editors

The Commission estimates that such measures will ceteris paribus enhance EU banks’ collective lending capacity by no less than EUR450bn, on top of EUR500bn from already announced regulatory measures.

Greece plans to minimize exposure to ESM loans at higher cost

29 April 2020 Editors

Updated The Greek government aims to avoid -or minimize to the least- the support from the ESM. In this context…

National Bank – Bain Capital deal on Icon project a matter of time

29 April 2020 Konstantinos Papagrigoris

Bain called for a revision of the terms on the Icon project agreement, proposing a price reduction in exchange for inserting an earn-out clause in the deal, which means that NBG participates in future profits from the management of the loans.

EU moves ahead with new capital relief measures for banks

28 April 2020 Editors

EU Commission is expected to announce today another round of capital/regulatory relief for banks. The implementation of these new measures will boost Greek bank’s capital.

Green light for guarantees in Cairo project from Hercules plan

28 April 2020 Konstantinos Papagrigoris

Despite the turmoil suffered by the economy due to the pandemic, the Finance Ministry, banks, and loan servicers have been drawing on all means, including the Hercules plan, to reduce existing non-performing loans and manage the new wave of bad debt expected.