2020 - Page 8 of 77 - NPL Confidential

A.Enria: Greek banks must accelerate the clean up of their ballance sheets

29 November 2020 Editors

Asset management companies (bad banks) are tools that are able to free banks’ balance sheets from bad loans and enable them to support households, small businesses, and corporates. The mutualization of losses among Eu member states can be averted.

CVC offers 175 million euros for Vivartia

27 November 2020 Editors

With a unanimous decision, the MIG Board of Directors reportedly signed a Stock Purchase Agreement (SPA) with the fund CVC on Vivartia for 175 million euros. The buyer will also take on all Vivartia loans, amounting to 425 million euros.

Government dusts off bad bank proposal

27 November 2020 Konstantinos Papagrigoris

The Pissarides report brings a change in stance from the government regarding the evaluation of a proposal from Bank of Greece governor Yiannis Stournaras on the creation of the Asset Management Company (AMC), known to the general public as a bad bank.

Davidson Kemper Capital Management buys in Greece, but sells in Itay.

26 November 2020 Editors

Τhe US fund bought Cepal in Greece but puts Prelios for sale. One of the main groups active in Italy and Europe in alternative asset management and specialist real estate services, with over 40 billion in managed assets.

Alpha Bank’s new NPEs at 1 bln euros

26 November 2020 Konstantinos Papagrigoris

The management of Alpha Bank has estimated new non-performing loans arising after the lifting of the moratorium at the end of the year to be at one billion euros. The Arrears Ratio (NPLs) in Greece is expected to reach 13% of the total loan portfolio, while the Non-performing Exposure Ratio (NPEs) will decrease to 24% from 43% at the end of the nine months

Santander and Blackstone put a large hotel debt portfolio up for sale

25 November 2020 Editors

Santander and Blackstone will sell the first large hotel debt portfolio t amid the Covid crisis. The portfolio is constituted seven tourist…

Is the synthetic securitization model costly for Piraeus Bank?”

25 November 2020 Konstantinos Papagrigoris

The bank, that is, transfers only the credit risk and not the portfolio and pays for the protection that buys an annual risk premium of 20 million euros.

Bain Capital launches an asset management company to manage NPLs

25 November 2020 Editors

Bain Capital Credit set up Natissa a new asset management company to manage NPLs.

The new company has a capital of 500K euros fully paid up and its business involves the management of alternative investment funds.

Piraeus Bank’s business plan for a more aggressive reduction of NPEs

24 November 2020 Konstantinos Papagrigoris

The bank will implement in 2021 a more aggressive plan to reduce non-performing loans as it will proceed with a new reduction of NPEs, through securitizations, amounting to 5-6 billion euros in addition to the two securitizations totaling 7 billion euros (2 billion euro package Phoenix and the 5 billion euro Vega package) which are being launched and will be completed in the first months of 2021.