Global Archives - NPL Confidential

EU is taking action against vulture funds

1 October 2020 Christos Ziotis Comments Off

A new Directive will establish that loan buyers must comply with consumer protection standards.

Intrum: European business are preparing for a historic recession

28 September 2020 Editors Comments Off

In Greece, among other southern Europe countries, 53% say that debtors in financial difficulties is going to be one of their top three payment challenges over the next year – the highest across all regions, and well above the European average . The situation is not expected to improve. Six in 10 businesses expect the risk of late payment to increase over the next 12 months.

Fitch: Debt purchasers prepare for increased NPLs volumes

18 September 2020 Editors Comments Off

What does the new report of the international rating agency say about the trend that is forming in the NPL market after the latest conditions created by Covid-19.

Single Supervisory Mechanism (SSM) extends its authority in Bulgaria and Croatia

14 September 2020 Editors Comments Off

Single Supervisory Mechanism (SSM) expands its jurisdiction outside the euro area. On 1 October the SSM will grow from 19…

Global

Freddie Mac will sell $534 Million NPLs

9 September 2020 Editors Comments Off

To date, Freddie Mac has sold $8.4 billion of NPLs and securitized approximately $64.8 billion of RPLs Freddie Mac announced…

Santander, Sabadell and CaixaBank to sell 4.4 bln euros of NPLs

15 July 2020 Editors Comments Off

The three financial institutions reactivate the market for the sale of toxic assets after the coronavirus lockdown. The financial institutions…

Cyprus, rise in non-performing loans in 2021

1 July 2020 Editors Comments Off

Central Bank of Cyprus Governor Constantinos Herodotou said on Tuesday he expected a rise in non-performing loans in 2021 because…

PWC: NPEs between ΕU60-100 mil in the next 18 months on the Italian market

29 June 2020 Editors Comments Off

According to its latest report on the Italian NPE market and the impact of Coronavirus, PWC forecasts new non-performing exposures…

Fitch Ratings: Massive credit losses to hit European banks in Q2 and into 2021

24 June 2020 Editors Comments Off

Bad loans are still a problem in many parts of Southern Europe, including Italy, Portugal, Greece and Cyprus, a long-lingering…

What steps can be taken to pre-empt potential new flows of NPLs?

18 June 2020 Editors Comments Off

Banks can take series of steps to prevent “at-risk” customers from becoming distressed according to “Vienna’s Initiative” NPLMonitor for the CESEE…

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