Month: March 2021

 The European Central Bank has asked the financial institutions in the euro area to be prepared for an increase in bad loans (NPL) .

NPLs fell in absolute terms more in business loans (decreased by almost 40 billion euros, or 54 percent, resulting in an NPL index in this category of 32 percent and lower than consumer and mortgage loans

  The European Banking Association, EU’s top banking regulator urged banks to recognize loan losses following the pandemic. 

DoValue and Debitos will set up a platform for the sale of NPLs in the secondary market, they said in…

The battle for National Bank’s (NBG) Frontier project will be fought out among three leading market players doValue, Intrum and Cepal, as well as PIMCO-Quantum,

Greece needs to climb also three places on the ratings scale of S&P (‘BB-’, ‘stable’) and Moody’s (‘Ba3’, ‘stable’). Fitch, however, is more optimistic, as it rates the country at ‘BB’ (also ‘stable’), ie two notches below IG.