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Funds are demanding additional discount of up to 30% in ongoing deals

Market Sentiment in the secondary NPL market has deteriorated. Funds are pressing for additional discounts on NPLs sales.

Loan servicers crank up a gear to stem new wave of bad loans

Servicers say that initial data having at their disposal signal difficulties ahead. - "We are not waiting for the government to take action but are moving ahead.

National Bank’s 6 bln euro Frontier securitization on course

Despite the crisis National Bank is moving ahead with the securitization of 6 bn. euros NPLs. the project "Frontier". The bank has booked 800 mil.euros one-off profit in Q1.

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.

Alpha Bank: Galaxy project delayed due to coronavirus

Alpha Bank has decided to push back dates for non-binding bids to be submitted on the Galaxy project and hold off on the signing of a binding deal for Neptune project.

Stournaras : “We will need full, flexibility to deal effectively and quickly with NPLs, the day after

The ESM has obviously a very serious role to play, but not with ECCL (Enhanced Conditions Credit Line). Common bond issuance is actually not a new activity.

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

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.

George Zavvos: The zero risk weight issue on Hercule’s senior bonds, is resolved

Deputy Minister of Finance , George Zavvos, who is responsible for the banking sector  said in an interview that banks today are not part of the problem but a part of the solution.

Creditors reject request to extend law protecting homes from forced auctions

 Greece's creditors have strongly opposed plans by the government to extend the law preventing homes from being repossessed until the end of 2020.

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