January 2021 - Page 3 of 7 - NPL Confidential

National Bank becomes Signatory of the global Principles for Responsible Banking

21 January 2021 Editors

Νational Bank of Greece announced that t it has endorsed the UN Principles for Responsible Banking – a single framework…

After Galaxy, Davidson Kempner hits Frontier project hard

21 January 2021 Konstantinos Papagrigoris

Davidson Kempner is determined to put together a strong bid for the acquisition of the Frontier project from National Bank (NBG), sending a strong message to the domestic NPL market that it is determined to play a leading role.

Eurozone banks tighten lending due to Covid NPLs

20 January 2021 Editors

Eurozone banks expect to tighten access to credit further in the first quarter of this year, the European Central Bank’s…

QQuant increases share capital by 4.3 mln euros

20 January 2021 Editors

The share capital increase of QQuant Master Servicer has been completed, an amount reaching 4.3 million euros, in a decision made at the general shareholders meeting.

EU finance ministers, are preparing an action plan to tackle NPLs

20 January 2021 Editors

The proposals were discussed at the EU finance ministers’ video conference on Tuesday. Measures against bad loans as a result of the corona crisis are important for financial stability, said Finance Minister Olaf Scholz (SPD). He did not rule out a “significant increase” in NPLs.

HIG reaches deal with Piraeaus Bank, National Bank on Halyvourgiki loans

20 January 2021 Konstantinos Papagrigoris

With these two acquisitions, including the 53 million euro loans acquired from Eurobank, HIG has received 143 million euros in claims, with Alpha Bank still being the company’s largest creditor with the debt of 170 million euros.

Seanergy Maritime (Cl. Restis) agreed on a debt restructure

19 January 2021 Editors

he company (major shareholder is Claudia Resti, Victor Resti’s sister) announced that it has completed agreements with creditors for the restructuring of loans and convertible bonds, amounting to $179 million.

Handelsblatt: Billions of NPLs prompt new worries on Greece’s banks

19 January 2021 Editors

The pandemic is setting Greek financial institutions back as they consolidate their balance sheets. Central bank chief Stournaras warns of new loan defaults.