News Feed Archives - NPL Confidential

Loan servicers weigh up reduction to operating costs, staff levels

27 July 2021 Konstantinos Papagrigoris

Banks may clean up their balance sheets with securitizations, but the problem of debt recovery is now being transferred to management companies.

Cyprus, NPLs rose in April

26 July 2021 Editors

Non-performing exposures (NPEs) rose in April, according to Central Bank data released on Saturday. NPEs in April reached €5.14bn compared…

After Frontier comes the Ariadne project

26 July 2021 Editors

After the completion of the 6 billion euro Frontier project by the National Bank (NBG), the next big deal that is expected in the Greek secondary NPL market is the Ariadne sale which is deemed as the new “gem of the crown”.

S&P forecast NPE ratio below 20% in Greece by end 2022.

23 July 2021 Editors

Additional provisions are needed to complete NPA disposals and for loans under debt moratoriums, where it expects a default rate close to 25%.

Standard & Poors sees increase in NPLs in EMEA countries

23 July 2021 Editors

Credit rating agency Standard and Poors expects an increase in NPLs in the EMEA banking system, it said in a…

Eurobank CEO: Mexico project to be completed in Q4

23 July 2021 Christos Ziotis

NPEs fell from 29.2% in 2019 to 14%, the lowest among Greece’s systemic banks. The coverage of NPEs with provisions increased by 660 basis points and amounted to 61.9%, also the highest for a Greek systemic bank.

Bids on Piraeus Bank’s Dory project set for Aug 6

22 July 2021 Konstantinos Papagrigoris

Work is continuing among top officials at Piraeus Bank, appointed the task of aggressively reducing the group’s NPEs and consolidating…

Alpha Bank to reduce NPEs by 8.1 bln euros with existing funds

22 July 2021 Konstantinos Papagrigoris

Alpha Bank’s NPEs Index is forecast to drop to 2% by the end of 2024, according to CEO Vasilis Psaltis.

Intrum, revenues up by 16% in Q2

22 July 2021 Editors

Intrum AB announced record cash collections in Q2 and accelerated capital deployment with circa SEK 6 bn committed for…

Katseli law loan restructurings on debt platform hit 49,000

22 July 2021 Konstantinos Papagrigoris

On the platform of the Special Secretariat for Private Debt Management, 49,000 debtors have rushed to update their data, when estimates had put the number at 40,000 pending cases.