Christos Ziotis, Author at NPL Confidential

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.

Loans serviced by Credit Servicing Firms increased to EU32.9 bn in Q3

16 December 2020 Christos Ziotis Comments Off

Τhe nominal value of loans to domestic residents serviced by domestic CSFs increased in Q3 2020 by 2,1 billion…

Stournaras: Why I propose the creation of a bad bank

15 December 2020 Christos Ziotis Comments Off

Bank of Greece governor Yannis Stournaras strongly believes that a comprehensive approach is needed to address the weakness of the…

Alpha Bank and the villa of Lakis Gavalas in Mykonos go under the hammer

1 December 2020 Christos Ziotis Comments Off

Alpha Bank and the villa of Lakis Gavalas in Mykonos go under the hammer The fact that Lakis Gavalas is…

DoValue: New loan servicing deal with Bain Capital in Cyprus for 0.7 bln euros

19 November 2020 Christos Ziotis Comments Off

doValue, announced an agreement with Bain Capital for the exclusive management of a portfolio of non-performing loans originated in Cyprus…

E.C warns Greek banks of a cliff effect after loan moratoria

18 November 2020 Christos Ziotis Comments Off

Banks have to prepare for a possible cliff effect when debt payment moratoria expire, according to 8h Enhanced surveillance report for the Greek economy.

Single Resolution Board rejects ECB plan for a European bad bank

11 November 2020 Christos Ziotis Comments Off

Why the head of the Single Resolution Board, Elke König, opposes the creation of a European network of bad banks being promoted by the ECB and SSM.

Government tables to parliament new insolvency code, coming into force in 2021

13 October 2020 Christos Ziotis Comments Off

What the the new code foresee? How much the state will pay to fund vulnerable borrowers entitled to a subsidy on the rent of the leased-back property.