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HomeCairo

Cairo

Highlights

Eurobank: Bad debt in hotel sector at 370 mln euros

20 May 2020 Konstantinos Papagrigoris Comments Off on Eurobank: Bad debt in hotel sector at 370 mln euros

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.

Featured

Eurobank-doValue deal a crash test for Hercules plan

12 May 2020 Konstantinos Papagrigoris Comments Off on Eurobank-doValue deal a crash test for Hercules plan

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.

Buzz Talk

doValue asks for minor adjustments to complete the Cairo

5 May 2020 Editors Comments Off on doValue asks for minor adjustments to complete the Cairo

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.

News

These are the new capital relief measures by the Commission

29 April 2020 Editors Comments Off on These are the new capital relief measures by the Commission

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.

Featured

Green light for guarantees in Cairo project from Hercules plan

28 April 2020 Konstantinos Papagrigoris Comments Off on Green light for guarantees in Cairo project from Hercules plan

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.

Featured

Cost rises for state guarantees in Hercules bad loan plan

13 April 2020 Konstantinos Papagrigoris Comments Off on Cost rises for state guarantees in Hercules bad loan plan

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.

Analysis

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

9 April 2020 Editors Comments Off on Goldman Sachs expects that all NPE deals of Greek Banks will be pushed back to 2021. 

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.

News

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

30 March 2020 Konstantinos Papagrigoris Comments Off on Karavias to JP Morgan: “No delays to the Cairo Project”

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

Featured

Eurobank: DoValue deal on FPS completed

26 March 2020 Konstantinos Papagrigoris Comments Off on Eurobank: DoValue deal on FPS completed

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.

Featured

SM  agrees to zero risk-weighting for state-guaranteed retained senior tranches

18 March 2020 Christos Ziotis Comments Off on SM  agrees to zero risk-weighting for state-guaranteed retained senior tranches

   Positive development for Banks Implies a smaller hit on their CET1 capital According to  sources Greek banks have been…

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Alpha Bank Bad Bank Bain Capital Bank of Greece Cairo Christos Staikouras doValue ECB Eurobank Fortress Galaxy HERCULES National Bank NPLs Phoenix Pimco Piraeus Bank SSM Staikouras VEGA
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