ECB Archives - NPL Confidential

Expectations about the availability of bank loans are falling significantly in the eurozone

8 May 2020 Editors

Euro area small and medium-sized enterprises (SMEs) reported a decline in turnover (in net terms – 2%, from 20% in…

These are the ECB’s scenarios for the impact of the COVID-19 pandemic on economic activity in the euro area

1 May 2020 Editors

The ECB has drafted three alternative scenarios to illustrate the range of likely impacts of the COVID-19 pandemic on the…

As creditors refuse extension to homes protection, Greece puts state aid on mortgages on table

23 April 2020 Konstantinos Papagrigoris

Lenders insist on their position to not extend the home protection framework beyond May 1st. Greek government will ask lenders today to put in place a new institutional framework that will allow the state to subsidize mortgage installments.

ECB eases collateral rules to pre-empt potential rating downgrade

23 April 2020 Christos Ziotis

ECB took another decisive step to mitigate impact of possible rating downgrades on collateral availability. The Central Bank aims to ensure that banks have sufficient assets that they can mobilise as collateral with the Eurosystem to participate in the liquidity-providing operations and to continue providing funding to the euro area economy.

ECB meets on junk bond collateral rules

22 April 2020 Editors

President Lagarde drew the line at buying debt directly from euro zone governments and has poured cold water on the notion of “helicopter money” drops for households.

Greek banks borrowed 12.35 billion euros from the ECB in March

15 April 2020 Editors

Greek banks’ ECB borrowings (entirely LTROs) rise by EUR4.75bn month on month in March. Funding to Greek lenders provided entirely…

Creditors demand home auctions now; Greece to extend protection law

14 April 2020 Konstantinos Papagrigoris

Creditors, mainly the ECB, opposed any long term extension to primary residency protection.
The Greek government sends a strong message that it will immediately take the necessary legislative initiative to protect main residence.

European Systemic Board: EU financial system is more resilient now

10 April 2020 Editors

The EU financial system is more resilient now, but the longer the necessary containment measures remain, financial fragility increase. The General Board decided to focus its attention on five
priority areas.

ECB Waiver to accept Greek sovereign debt instruments as collateral in Eurosystem credit operations

8 April 2020 Christos Ziotis

The measures will not only enhance Greek banks’ liquidity position by 10 billion euros,and their NII,
but also benefit Greek Government Bonds themselves.

A. Enria : SSM will use Maximum Flexibility in Evaluating the Implementation of the ongoing plans to reduce NPLs

30 March 2020 Christos Ziotis

SSM : – will use maximum flexibility in evaluating the implementation of the ongoing plans to reduce past non-performing loans.
– Have eased capital and liquidity constraints.