Stournaras Archives - NPL Confidential

A. Endria advocates the set up of a bad bank

26 May 2020 Editors

Andrea Enria who is Chair of the Supervisory Board of the ECB, (SSM) is supporting, along with Yannis Stournaras…

Stournaras; a bad bank must be set up quickly. NPEs expected to increase by as much as 11% in 2020

21 April 2020 Editors

ECB officials, worry that the lock down due to coronavirus pandemic and the subsequent recession will trigger another surge in non-performing loans (NPLs). Bank of Greece reportedly expects NPE ratio to climb by 4%-11% due to Covid-19 crisis.

The extension of primary residency protection until the end of the year, puts a halt to banks and servicers

3 April 2020 Konstantinos Papagrigoris

* Current legal framework for the protection of primary residences an extension until the end of 2020.

At 8 bn. euros the stock of NPLs sold to funds in 2019

20 March 2020 Christos Ziotis

NPL rate still high at 40,3%. ***In total NPLs of 10.06 bill.euros are under legal protection. ***
29.7% of mortgages NPLs are now under a legal protection scheme.