January 2021 - Page 7 of 7 - NPL Confidential

Non-binding offers for Frontier project to be submitted early Feb.

5 January 2021 Konstantinos Papagrigoris

The non-binding bids are expected to be submitted to the bank’s management in the first week of February, while the VDR will open by the end of the same month for investors who pass to the second phase of the tender.

Banks and loan servicers wait for gov’t decision on bad bank

4 January 2021 Konstantinos Papagrigoris

Lenders are leaning more towards the creation of a bad bank after the relevant updates from the BoG, however, officials are waiting for the government to take a position on the issue.

The SSM wants banks to tackle NPLs ahead of bad bank solutions

4 January 2021 Christos Ziotis

Andrea Enria, the head of the SSM noticed that they will put pressure to banks to tackle NPLs . “We wouldn’t use the carrot in this case – we would rather use the stick,” he said.

Intrum: Household debt has been aggravated by the pandemic in southern Europe

4 January 2021 Editors

Differences in financial health increase among consumers across Europe, amidst the second wave of the pandemic, according to Intrum’s Financial Wellbeing Barometer.

Will 2021 be an auction year? Kipriotis hotels mark the start in March

4 January 2021 Editors

Regardless of decisions that will be taken – due to the pandemic – on property auctions amidst opposing approaches but also strong pressure from loan servicers, it is certain that 2021 will be characterized as an “auction year”.