2021 - Page 66 of 71 - NPL Confidential

UK home repossessions may tenfold in 2022

25 January 2021 Editors

Around 81,300 households were in home loan arrears last year, but figures suggest this could climb to 142,200 in 2021, prompting a surge in repossessions.

Catering sector: losses reach 90%

25 January 2021 Editors

Almost 50% of the 80,000 companies in the catering sector are facing the risk of shutting down in 2021, as turnover levels dips by more than 40%.

Borrowers briefed on end of loan moratoria

25 January 2021 Konstantinos Papagrigoris

The call centers of loan management companies have been busy in the last few days informing borrowers that the loan moratoria, suspension of payments, has ended and that installments will resume on a monthly basis.

Fitch: NPL could decline after moratoria with securitizations.

24 January 2021 Editors

In its latest report, Fitch underlines that the banking sector remains a weakness for the sovereign credit profile.

National Bank: upfront loss from Frontier securitization seen below EUR450m

22 January 2021 Editors

According to preliminary information disseminated to interested parties, the nominal value of the mezzanine tranche in NBG’s upcoming Frontier securitization of EUR6.1bn NPEs allegedly stands at EUR450m.

Official sector creditors push for home auctions to resume

22 January 2021 Konstantinos Papagrigoris

Greece’s request for a general suspension of auctions for a long time is expected to be met with strong opposition, which is why plan B is already ready on the table.

Bank of Greece expects a 8-10 bn euros rise of NPLs

21 January 2021 Editors

The reduction of these loans, according to the BoG, is the most serious challenge of the banking system after the gradual lifting of the loan moratorium and other existing measures to protect borrowers.

Piraeus Bank sells property for 17.1 mln euros

21 January 2021 Editors

Piraeus Bank proceeded with the sale of a property located in central Athens, at the junction of Michalakopoulou and Rapsanis streets, through an auction conducted by consultant Piraeus Real Estate.

National Bank becomes Signatory of the global Principles for Responsible Banking

21 January 2021 Editors

Νational Bank of Greece announced that t it has endorsed the UN Principles for Responsible Banking – a single framework…

After Galaxy, Davidson Kempner hits Frontier project hard

21 January 2021 Konstantinos Papagrigoris

Davidson Kempner is determined to put together a strong bid for the acquisition of the Frontier project from National Bank (NBG), sending a strong message to the domestic NPL market that it is determined to play a leading role.