Christos Ziotis, Author at NPL Confidential

Piraeus Bank’s board set to announce tomorrow exact terms for cEUR1bn non-pre-emptive share capital increase

15 April 2021 Christos Ziotis Comments Off

Piraeus Bank’s board, after being granted authorization from the 7 April shareholders meeting, is set to announce tomorrow the details…

IMF: European Banks must strengthen NPL management

26 March 2021 Christos Ziotis Comments Off

European Banks remain broadly resilient to the shock caused by the Covid crisis, according to International Monetary Fund (IMF).

Barlays says loans of £4.8bn may never be repaid

19 February 2021 Christos Ziotis Comments Off

Barclays warned that pandemic-related costs would remain high throughout the coming year, but that it expected loan loss charges to…

Sales agreement on Vega project’s mezzanine, junior notes being signed

16 February 2021 Christos Ziotis Comments Off

The procedures for the completion of the Vega project have entered the final stage in the last few days, as Piraeus Bank and Intrum Hellas have agreed on all the key issues involved.

Stournaras: Prolonged NPL restructuring process is a threat to the economy

2 February 2021 Christos Ziotis Comments Off

Euro area banks increased loan loss provisions significantly during the first half of 2020, amounting to 0.76% of loans on an annualised basis. However, this figure is likely to fall short.

The SSM wants banks to tackle NPLs ahead of bad bank solutions

4 January 2021 Christos Ziotis Comments Off

Andrea Enria, the head of the SSM noticed that they will put pressure to banks to tackle NPLs . “We wouldn’t use the carrot in this case – we would rather use the stick,” he said.