January 2022 - Page 5 of 5 - NPL Confidential

Cypriot NPL ratio slashed to 15,3% in Q3 2021

10 January 2022 Editors

Non Performing Loans in Cyprus fall by c 14% to 4,3 billion euros at the end of September 2021 from…

Νew year starts off with 4,000 auctions

7 January 2022 Konstantinos Papagrigoris

Property auctions are accelerating significantly with more than 4,000 cases having been uploaded to the relevant platform for the first two months of the year, signaling that the year will move smoothly, with progress being made on sales that had been stuck for months.

Intrum takes on all of Earth portfolio, buys CarVal stake

7 January 2022 Editors

Intrum acquires the entire portfolio with unsecured receivables, outstanding capital of 2 billion euros. CarVal, which was the co-investor, is leaving.

Piraeus Bank’s steps to reduce NPEs in 2022

6 January 2022 Konstantinos Papagrigoris

Sunrise III includes non-performing exposures with a gross book value of approximately 820 million euros. About half of the portfolio loans were restructured after the outbreak of the pandemic

Sales, securitizations hit 19 bln in December

5 January 2022 Konstantinos Papagrigoris

Transactions with a book value of close to 19 billion euros were conducted shortly before the end of the year by banks, allowing them to be closer to the goal of achieving a single-digit index of non-performing exposures (NPE) in the first months of 2022.

Piraeus Bank sells to Davidson Kempner €0.4bn shipping NPLs

4 January 2022 Editors

Piraeus Bank announced that has reached an agreement with an entity affiliated with Davidson Kempner Capital Management LP, for the…

Alpha Bank received four binding bids for €2.2bn Cypriot NPEs

4 January 2022 Editors

Bidders include a Bain-Fortress consortium, Apollo, Cerberus and Pimco according to a person familiar with the transaction.

Just 45 loans restructured in H1 on out-of-court mechanism

4 January 2022 Konstantinos Papagrigoris

Concerns are rising among Finance Ministry officials on the slow pace of loan restructurings being completed via the new bankruptcy law’s out-of-court mechanism.

NPE deals brought by 2022

3 January 2022 Konstantinos Papagrigoris

The deadline for the submission of non-binding bids, for Ariadne which is consider as a market changer deal, is January 18, 2022. Binding bids are expected in May, with the goal of concluding the agreement with the preferred investor in June 2022.