People Archives - NPL Confidential

Finance Minister in teleconference with banks, loan servicers on bankruptcy code

11 June 2020 Konstantinos Papagrigoris 0

Banks and loan servicers expressed their concerns in a meeting with Finance Minister Christos Staikouras yesterday that the country’s new

Piraeus Bank NPEs stand over 24 billion Euros

2 June 2020 Christos N Konstas 0

Piraeus Bank reported that NPEs stood at 24.1 billion Euro at the end of March 2020 down from 24.5 billion

T. Panousis sees mergers to create stronger credit servicing firms

29 May 2020 Editors 0

According to Tassos Panoussis of Eurobank FPS, there was a reduction in collections by servicers between March 15 and the end of April.

Stournaras warns that a new debt crisis will emerge without common action

9 May 2020 Editors 0

Giannis Stournaras Bank of Greece Governor warned that a new debt crisis may blow in the eurozone if member states do not agree on common action,.

AEGEAN seeks assistance

4 May 2020 Editors 0

Aegean’s EUR500m-plus cash allows some flexibility to confront the virus turmoil. But this is not adequate given that yesterday the European Commission has approved a €7 billion French aid measure consisting of a State guarantee on loans and a shareholder loan to Air France.

BC Partners to repay 40 million euros to banks from Forthnet debt

4 May 2020 Editors 0

BC Partners seems able to repay 40 million euros of Forthnet’s 350 million euros total debt. This was the key factor that determined the choice of payee banks being BC Partners and Nikos Stathopoulos.

First Capital is the new loan servicer added to the list

24 April 2020 Christos Ziotis 0

A new loan servicer company was licensed by Bank of Greece, increasing the list of companies currently operating in the country to 23.

George Zavvos: The zero risk weight issue on Hercule’s senior bonds, is resolved

2 April 2020 Editors 0

Deputy Minister of Finance , George Zavvos, who is responsible for the banking sector said in an interview that banks today are not part of the problem but a part of the solution.

Stournaras warns on the risk of new Sovereign Debt Crisis

1 April 2020 Editors 0

The Governor at Bank of Greece, recommended jointly issued bonds.
It’s also likely that the quality of assets on banks’ balance sheets will deteriorate, and soured loans are expected to increase.

D. Emvalomenos presentation at NPL Summit 2019

31 March 2020 Christos Ziotis 0

Dimitris Embalomenos presented the basic legal framework, developments and market trends.