People Archives - NPL Confidential

The deadline of for the “Bridge” program must be extended until the end of 2020.

28 September 2020 Editors Comments Off

Aikaterini Fragkaki, Lawyer- Barrister advocates on the extension of the program, giving relief to debtors hit by the crisis.

A. Enria: In the severe scenario up to €1.4 trillion of NPLs would be generated

25 September 2020 Editors Comments Off

The head of the ECB’s supervision arm, warned that banks may have to extend payments break to their customers, but…

Stournaras: It is necessary to set up an Asset Management Company for NPLs

22 July 2020 Christos Ziotis Comments Off

Why Bank of Greece Governor, despite strong critics, insists on creating a bad bank for NPLs? Which are the next steps Bank of Greece is planning after it selected three top investment banks and consultants that will assist in all aspects of the AMC scheme?

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

11 June 2020 Konstantinos Papagrigoris Comments Off

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 Comments Off

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 Comments Off

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 Comments Off

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 Comments Off

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 Comments Off

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.