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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 .

The European Banking Authority (EBA) published today its quarterly Risk Dashboard together with the results of the Risk Assessment Questionnaire…

In a year when the start of Covid-19 and the loan moratorium virtually wiped out the revenues of loan management companies, doValue rewarded its employees by paying them bonus of 1.5 million euros.

The new company is “Silverton Loan and Credit Claims Management Company “with the total number of loan servicers operating in Greece now at 26.

The non-binding bids are expected to be submitted to the bank’s management in the first week of February, while the VDR will open by the end of the same month for investors who pass to the second phase of the tender. 

For the government, the implementation of the new bankruptcy law by March 1 for businesses and June 1, 2021, for individuals is the big bet that will shape the outcome of the next post-memorandum evaluation of the country.

Loan management companies are fast preparing for more active management of real estate in their possession, by making use of new technologies.

Application to include Frontier project into Hercules plan days away

The course of the CDS will determine exactly when the management of National Bank applies to the Ministry of Finance, for the inclusion of the 6.1 billion euros Frontier securitization into the Hercules program.