Eurobank Archives - NPL Confidential

Banks move ahead with synthetic securitizations of 5.4 bln euros

10 June 2022 Editors

Synthetic securitizations, amounting to 5.4 billion euros, have been launched by banks recently, shielding their capital, both for supervisory purposes…

Pimco looks to boost presence in Greek NPE market

26 May 2020 Konstantinos Papagrigoris

Pimco, one of the world’s largest fund managers, is considering the acquisition of an additional 40 percent stake in Qualco.

What FITCH Ratings thinks of Greek Banks

19 May 2020 Editors

Fitch Ratings affirmed the Long-Term Issuer Default Ratings (IDRs) of the 4 systemic Greek banks, namely Alpha Bank (CCC+), Eurobank (CCC+), NBG…

EU moves ahead with new capital relief measures for banks

28 April 2020 Editors

EU Commission is expected to announce today another round of capital/regulatory relief for banks. The implementation of these new measures will boost Greek bank’s capital.

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.

FPS excess personnel to return to Eurobank

6 April 2020 Konstantinos Papagrigoris

Theodoros Kalantonis and general manager Anastassios Panousis were supposed to resign from the bank in order to assume today (April 6) their duties at FPS as executive chairman and chief executive officer respectively.
FPS management will partially adjust its personel after high interest

Banks with 11.6 bln euro of capital buffer to implement NPE reduction in 2020

5 April 2020 Konstantinos Papagrigoris

*The NPE ratio in Greece decreased by 15,2 bln euros, , to 32.2 percent in the fourth quarter of 2019.
* Banks in 2019 strengthen their capital position which is now valued at 11.6 bln euros.

S&P : Companies rated ‘B-‘ and below will likely suffer most from shut down

31 March 2020 Editors

Companies with these ratings are most likely to lack the financial flexibility to weather a crisis hitting both their top-line revenue and financing cost.