February 2021 - Page 3 of 6 - NPL Confidential

National Bank three non binding bids for Frontier project

17 February 2021 Editors

According to sources 3 consortia are likely to submit by the 23 February deadline non-binding bids concerning NBG’s upcoming Frontier securitization of EUR6.1bn NPEs, namely a) Davidson Kempner, b) Karval jointly with Pimco and Quant, and c) Bain jointly with Fortress and DoValue.

Arab buyer picks up Onassis villa

16 February 2021 Editors

Just last week the “FOR SALE” sign on Onassis’ “golden villa” in Lagonisi was taken down.

ECB’s McCaul the 1,4 trillion euros in NPLs is less likely

16 February 2021 Editors

There is no reason to delay the assessment of credit quality: this is the moment to make sure we have very robust credit processing in place. This is what ultimately makes the markets realise the strengths of the banking sector.

Sales agreement on Vega project’s mezzanine, junior notes being signed

16 February 2021 Christos Ziotis

The procedures for the completion of the Vega project have entered the final stage in the last few days, as Piraeus Bank and Intrum Hellas have agreed on all the key issues involved.

Greece will repay early 3.3billion euros to the IMF

15 February 2021 Editors

Greek prime minister Kyriakos Mitsotakis said the country is on track to repay early as much as 3,3 billion euros to the International Monetary Fund, of the 5,1 billion euros borrowed.

doValue begins servicing Bain Capital ICON NPLs

15 February 2021 Editors

DoValue announced that has completed onboarding in its systems of “Project Icon”, a portfolio of non-performing loans for a total…

Bids on Logothetis NPLs submitted

15 February 2021 Editors

Today or tomorrow, at the latest, we will know which funds have submitted binding bids for Logothetis NPLs at Piraeus Bank.

The EU’s regulatory and supervisory response to addressing NPLs

15 February 2021 Editors

Concerns around NPLs are growing, as the impact of COVID-19 crisis related responses on banks’ balance sheets begin to be…

DoValue boosts position in Greece after National Bank-Bain Capital deal

15 February 2021 Konstantinos Papagrigoris

DoValue has strengthened its leading position in the domestic market after the completion of the agreement between National Bank (NBG) and Bain Capital regarding the sale of a non-performing business loan portfolio (Project Icon) backed by collateral reaching 1.6 billion euro.

Νational Bank sells 1.6 billion NPLs to Bain Capital

12 February 2021 Editors

National Bank of Greece announced that completed the disposal of a non-performing secured corporate loan portfolio (Project Icon)., for €337 million. The consideration amounts to c. 21% of the principal amount and the transaction has a neutral capital impact on the Bank.