Cairo Archives - NPL Confidential

Eurobank: Bad debt in hotel sector at 370 mln euros

20 May 2020 Konstantinos Papagrigoris

The bank has applied for the guarantees from Hercules for all three Cairo titles and for the first two, the issue is expected in the coming days. The doValue deal is also expected in the coming days.

Eurobank-doValue deal a crash test for Hercules plan

12 May 2020 Konstantinos Papagrigoris

Under these circumstances, Hercules plan is unable to achieve the expected disposal of problem assets and now the market considers the Eurobank-doValue agreement to be a critical crash test for Hercules in view of the difficult conditions.

doValue asks for minor adjustments to complete the Cairo

5 May 2020 Editors

doValue has asked Eurobank for minor tweaks, such as changes in the timing of management fees and the extension (by 1-2 years) of the servicing agreement.

These are the new capital relief measures by the Commission

29 April 2020 Editors

The Commission estimates that such measures will ceteris paribus enhance EU banks’ collective lending capacity by no less than EUR450bn, on top of EUR500bn from already announced regulatory measures.

Green light for guarantees in Cairo project from Hercules plan

28 April 2020 Konstantinos Papagrigoris

Despite the turmoil suffered by the economy due to the pandemic, the Finance Ministry, banks, and loan servicers have been drawing on all means, including the Hercules plan, to reduce existing non-performing loans and manage the new wave of bad debt expected.

Cost rises for state guarantees in Hercules bad loan plan

13 April 2020 Konstantinos Papagrigoris

The crisis in the economy is expected to bring significant changes to the structure and operation of the Hercules plan, with the most characteristic being the increase in the cost of guarantees compared to what had been originally set.

Goldman Sachs expects that all NPE deals of Greek Banks will be pushed back to 2021.

9 April 2020 Editors

Goldman Sachs is skeptical on the progress of all deals, such as securitization projects, in the Greek Non Pefrorming Exposures (NPE) market due to coronavirus crisis.

Karavias to JP Morgan: “No delays to the Cairo Project”

30 March 2020 Konstantinos Papagrigoris

Eurobank CEO F. Karavias appeared confident that the Cairo Project will proceed with no delays, due to the coronavirus pandemic.…

Eurobank: DoValue deal on FPS completed

26 March 2020 Konstantinos Papagrigoris

Eurobank and Dovalue have completed the FPS deal.
Eurobank has announced for 2021 that it will securitize NPEs worth 1.7 billion euros and sell a 0.4 billion euro portfolio.