the insider’s guide

QQuant takes management of Pancretan Bank NPL portfolio

QQuant Master Servicer appears to be the first in the race with doValue Greece and Cepal for the management of non-performing for the corporate and household loan portfolio of 1.077 billion. euro.

Intrum appoints Anders Engdahl as President and CEO

What does the change in management mean for the top management change at Europe's largest loan servicer? Will it affect its presence in Europe?

The Cairo Mezz stock conundrum

What do the share's price movements shows about the pace of NPLs recoveries?

Ministry of Finance hires Lazard to look at bad bank plan

Lazard will judge the future of the BoG’s bad bank proposal after being mandated by the Finance Ministry to review the project.

Application for Hercules by 3rd Galaxy SPV, binding offers expected this week

Alpha Bank sources expect that at least three binding offers will be submitted for Galaxy project this week. Non-binding bids have been submitted by PIMCO, Davidson Kempner, Cerved, and Credito Fondiario.

National Bank sell Cypriot NPLs to Bain Capital at 31%of GBV

What the Cypriot portfolio sold by NBG includes, the discount offered.

Banks and loan servicers express concerns on the new bankruptcy code

Banks and loan servicers argue that it is necessary to limit the perimeter of individuals that qualify for the out-of-court settlement procedure.

Hercules II gets the green light with increase in state guarantees to 20 bln euros

Αccording to NPL Confidential sources, deputy fin min Zavvos, is preparing Hercules II and increasing state guarantees by 12 billion euros to 20 billion euros.

Loan servicers seeking safeguards in new bankruptcy code

Non-performing loan management companies are pushing for further safeguards regarding the inclusion of individuals in the out-of-court settlement procedure.

Why ECB backs the idea of a bad bank

EU officials, however, rebuff the idea refusing to relax state-aid rules, which preclude the set-up of bad-banks, unless in formal resolution processes where losses have been imposed on shareholders, bondholders.

• In Grimaldi’s mind

• Bundesbank expects a surge in bad loans

• A.Enria warns banks that 1.4 trillion euros in bad loans may result from the pandemic

• Banks: where they disagree on the bankruptcy code

• Piraeus Bank, Eurobank ask Axia Ventures to resume talks with HIG Capital on Kypriotis loans

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