2021 - Page 65 of 71 - NPL Confidential

Th. Pelagidis: ECB May Be In Liquidity Trap

29 January 2021 Editors

The rapid delivery of EU Covid emergency funds was more important than ever, Pelagidis said, warning that financial conditions could worsen further due to cliff effects following the expiration of pandemic loan moratoria and state support measures.

Banks, loan servicers to meet with Finance Ministry on new bankruptcy law

29 January 2021 Konstantinos Papagrigoris

Banks and debt managers still consider the schedule almost inapplicable as most of the 50 joint ministerial decisions required are still in an early draft phase, with around 15-20 having been sent to regulators for initial approval. In irder to take care of the required banking issues, 15 joint ministerial decisions are required.

Enria supports the set-up of asset management companies at a national level

28 January 2021 Editors

The head of the Single Supervisory Mechanism (SSM), Andrea Enria, appeared less pessimistic about the volume of bad debt to emerge from the pandemic.

Moody’s: Rise in NPLs will constrain Greek bank’s efforts to improve asset quality

28 January 2021 Editors

Higher NPEs will place an additional strain on Greek banks’ plans to reduce their high stock of such exposures, which totaled around €58.7 billion.

Ιntrum Year -end announcement 2020

28 January 2021 Editors

Highly resilient performance in Q4, despite challenging operating conditions Credit Management Services positioned for growth with strong sales and record…

How the Hercules II guarantees will be distributed to banks

28 January 2021 Konstantinos Papagrigoris

Finance Ministry has agreed with official sector creditors to activate the Hercules II program, with the ministry’s legal services now preparing the relevant legislation that is expected to be tabled in parliament in March in order to come into effect May 1.