2021 - Page 68 of 71 - NPL Confidential

G. Kofinakos; Greek banks plan synthetic securitizations to cope with NPLs

17 January 2021 Editors

Greek capital relief trade (CRTs) issuance is set to pick up this year, after the completion of Piraeus Bank’s synthetic securitization (of 2billion euros).

Stournaras, Greek banks will face a higher burden from Covid related defaults.

15 January 2021 Editors

The burden from new Covid-19 related defaults will be higher for banks that already had a high stock of NPLs such as Greek banks, where a big chunk (if not all) of the existing buffers was meant to be used to address part of their legacy NPLs .

Loan servicers to meet with Greece’s official sector creditors on auctions, moratoria

15 January 2021 Konstantinos Papagrigoris

The second wave of the pandemic crisis makes the need for “Hercules 2” imperative and has already begun to be assessed along with the new red loans and the cost of loan deferrals, amounting to 30 billion euros, provided by the banking system to support households and businesses.

DBRS expects a significant increase in NPLs in 2021

14 January 2021 Editors

DBRS the Canadian agency warns that the burden of non-performing loans will weigh heavily on the financial institutions in 2021.…

News

Intralot enters into a binding lock-up agreement with bondholders for EUR 750 millon debt restructure

14 January 2021 Editors

The company has announced that is has entered into a lock-up agreement with an ad hoc group of noteholders,

Loan servicers expect 20 bln euros of securitizations in 2021

14 January 2021 Editors

In the last year, loan management companies-members of the association have made more than 75,000 loan restructuring arrangements, amounting to over 2 billion euros in portfolios that have been transferred.

Alpha Bank, doValue to complete 3.2 bln euro Cyprus portflio deal by March

14 January 2021 Konstantinos Papagrigoris

The transfer of 3.2 billion euros of non-performing exposures management platform of Alpha Bank Cyprus is expected to be completed by March, together with its staff to doValue Cyprus Ltd.