July 2021 - NPL Confidential

Alpha Bank launches Skyline project

30 July 2021 Editors

Alpha Bank will pursue a joint venture with an international strategic partner in the Greek real estate market.

One month bonus for restructurings, auctions

29 July 2021 Konstantinos Papagrigoris

The one-month extension is due to the fact that these amendments stipulate that this August will not be included in the two-month period provided by law for achieving restructurings.

Loan servicers eye Real Estate Acquisition Authority

28 July 2021 Editors

Mega Servicers are interested in participating in the Real Estate Acquisition Agency that will acquire property from debtors going bankrupt, market officials say.

J.P.Morgan sees single digit NPEs for Greek bank early 2022

28 July 2021 Editors

NPE ratios for Greek Banks are set to converge with European levels by early next year, according to J.P Morgan. It estimate that developments will pave the way to the normalized cost of risk,

Loan servicers weigh up reduction to operating costs, staff levels

27 July 2021 Konstantinos Papagrigoris

Banks may clean up their balance sheets with securitizations, but the problem of debt recovery is now being transferred to management companies.

Cyprus, NPLs rose in April

26 July 2021 Editors

Non-performing exposures (NPEs) rose in April, according to Central Bank data released on Saturday. NPEs in April reached €5.14bn compared…

After Frontier comes the Ariadne project

26 July 2021 Editors

After the completion of the 6 billion euro Frontier project by the National Bank (NBG), the next big deal that is expected in the Greek secondary NPL market is the Ariadne sale which is deemed as the new “gem of the crown”.

S&P forecast NPE ratio below 20% in Greece by end 2022.

23 July 2021 Editors

Additional provisions are needed to complete NPA disposals and for loans under debt moratoriums, where it expects a default rate close to 25%.

Standard & Poors sees increase in NPLs in EMEA countries

23 July 2021 Editors

Credit rating agency Standard and Poors expects an increase in NPLs in the EMEA banking system, it said in a…

Eurobank CEO: Mexico project to be completed in Q4

23 July 2021 Christos Ziotis

NPEs fell from 29.2% in 2019 to 14%, the lowest among Greece’s systemic banks. The coverage of NPEs with provisions increased by 660 basis points and amounted to 61.9%, also the highest for a Greek systemic bank.