February 2021 - NPL Confidential

Piraeus Bank POS arm goes to Nexi or Euronet

26 February 2021 Konstantinos Papagrigoris

The management of Piraeus Bank estimates that from the sale it will record a capital gain north of 250 million euros as last year it contributed approximately 20 million euros to profits.

EU: Loans under moratoria point to a material risk for Greek banks

26 February 2021 Editors

The lacklustre track record of banks in viable loan restructurings point to a material risk for asset quality, as moratoria mostly expired at the end of 2020

Moody’s: Alpha Bank – Davidson Kempner agreement is credit positive

25 February 2021 Konstantinos Papagrigoris

Moody’s considers the agreement between Alpha Bank with Davidson Kempner Capital Management LP (DK) to be positive, it says in…

Zavvos: Greece will extend APS”Hercules”

25 February 2021 Editors

The Ministry of Finance has already begun negotiations with the European Committee for “Hercules II”, the eighteen-month extension of the scheme for the period April 2021 – October 2022.

EU urges Greek Government to unfreeze auctions

24 February 2021 Konstantinos Papagrigoris

EU Commission in its latest Surveillance Report on the Greek economy acknowledges that the implementation of some key financial sector reforms has also been delayed. But welcomes the extension of APS Hercules

Kypriotis. Going under the hammer March 3

24 February 2021 Editors

A new auction for Kypriotis’ loans has been set for next Wednesday, March 3. Formally, however, as everything shows a…

Deadline for non-binding bids on Frontier project pushed back to March 2

24 February 2021 Konstantinos Papagrigoris

A new extension – the third in a row – was given for the deadline on the submitting of non-binding…

Fitch: Greek Banks’ Progress with De-Risking is Credit-Positive

24 February 2021 Editors

Progress by systemic Greek banks in de-risking through planned securitizations making use of the Hercules Asset Protection Scheme (HAPS), after pandemic-related delays in 2020, is credit-positive.