the insider’s guide

Covid policies hit securitized deals, prompting slowdown in recovery rate

Panousis: Targets set for these portfolios before Covid were quite high now the rate of recoveries has been negatively affected. Stournraras: Implementation of the AMC has now passed to the government, it could be put into operation in 2021.

The pandemic’s effects on Cairo Mezz Pl

 Cairo Mezz Plc said in a statement that a pandemic could affect the pace at which the company will collect revenues.

DoValue exceeds NPEs target for 2020

The end of the year finds doValue having added, so far this year, new bad loans worth 11 billion euros.

EU Comission unveils a new strategy for NPLs

The Commission said that it  stands ready to support Member States in setting up national AMCs – if they wish to do so – and would explore how cooperation could be fostered by establishing an EU network of national AMCs.

Frontier securitization of EUR6.1bn to get the green light from National Bank board 

The Executive Committee of the National Bank has already decided on the subject. In the first quarter of 2021, the bank will receive non-binding offers.

Greek banks have offload up to €54bn of risky loans in Dublin

The total level of assets in Greek bank-sponsored loan securitization vehicles registered in Ireland has grown from €700 million to €31.7 billion since the third quarter of 2018.

National Bank of Greece sell Romanian NPLs to Bain Capital

National Bank sells project Danube with a total Gross Book Value of c. €174 million (€102 million of allocated collateral value) to bain capital. The bank said that the transaction has a neutral capital impact.

Piraeus Bank sells €1.7bn NPLs to Intrum for € 42 mill.

Piraeus Bank announced that reach an agreement with Intrum for the Sale of Non-Performing Exposures amounting to €0.7bn Gross Book Value.

Attica Bank securitizes € 712 mill. NPLs

Attica Bank announced in a bourse filing that it proceeded with the securitization of two NPL portfolios of 712 million euros.

Binding offers on Poseidon Resort expected today

The binding offers for the emblematic Poseidon Resort in Loutraki have been submitted to banks.

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