Stournaras Archives - NPL Confidential

Beyond Risk Reduction and Risk Sharing

10 July 2022 Phil Karametos

The Russian invasion of Ukraine on 24 February 2022 has brought the European Union (EU) and the western developed world…

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.