2021 - Page 51 of 71 - NPL Confidential

Stournaras expects pandemic impact on banks to intensify in 2021

6 April 2021 Editors

Should the proposal of the Bank of Greece not be selected by the authorities, an alternative way of addressing the problem of DTCs will need to be found that is compatible with the applicable capital requirement legislation.

Breather for NPLs from MIG-CVC Capital deal

6 April 2021 Editors

From the … four corners of the banking horizon, voices of relief were heard went signatures were placed on the…

Requests from loan servicers in view of Hercules II

6 April 2021 Konstantinos Papagrigoris

In the last few days, loan servicers have been in communication with the Deputy Minister of Finance, responsible for the financial system, George Zavvos, as the final preparations are made on the draft bill for Hercules II.

The legendary Trinity Project of Piraeus Bank

5 April 2021 Editors

In 2019, Piraeus Bank initiated the process to sell a non-performing portfolio of business loans, partly secured by real estate (Project “Trinity”).

Davidson Kemper – Castle Lake battle it out for Logothetis loans

2 April 2021 Konstantinos Papagrigoris

The tender process for the sale of problem loans issued to shipowner George Logothetis by Piraeus Bank is evolving into a real battle between the US funds Davidson Kemper and Castle Lake.

New NPLs of 4 billion euros after the end of moratoria

2 April 2021 Editors

New NPLs after moratoria expired are expected to contain to 4 billion euros.
The creation of new non-performing loans is much smaller than anticipated initially.

Irish Banks NPLs to rise as support measures end

2 April 2021 Editors

Irish banks’ non-performing loans will increase in the coming quarters as support measures for borrowers during the pandemic come to…

Moody’s upgrades the outlook on Greek banks

1 April 2021 Editors

Banking System Outlook Update – Greece: Outlook changed to positive as the economy recovers and banks sell off legacy NPLs. …

Latsis family enters NPL market

1 April 2021 Editors

A company owned by the Latsis family is about to purchase a group of problem loans that belonged to Piraeus Bank, according to sources. haircuts offered on the value of the debt sold to Intrum Hellas and then to the business group are not known.

Worries grow among banks, loan servicers over move extending auctions freeze

31 March 2021 Konstantinos Papagrigoris

Ciircumvention of the rules will affect bank efforts to offload problem loans and will worsen the pricing of non-performing loans, a deterioration that will have an impact on their balance sheets