the insider’s guide

The “secret” of the Frontier project

How National Bank of Greece managed the new securitization project, of 6.1 billion euros, named Froniter, to have zero impact on its capital.

Greece is preparing to set up a Central Credit Register

The government also is planning to send to the Commission the application for the second phase of the Hercules program, which will allow banks to reduce NPLs to single-digit figures in the next 18 months.

Piraeus Bank sells to Intrum EUR1.92 mortgages ‘Phoenix” securitization at 50% GBV

Piraeus Bank and Intrum signed a binding agreement for the sale of 30% of the mezzanine notes for the Phoenix securitization which amounts to €1.92bn gross book value.

Clouds hanging over Halyvourgiki in 2020 remain in 2021

The weight of debt, obligations from the Angelopoulos group remains a different puzzle to solve with both sides - father Konstantinos and sons George and Panagiotis - remaining opponents, making it extremely difficult to manage the situation.

Piraeus Bank sells Logothetis loans

Piraeus Bank has started contacts with investors for the sale of loans belonging to shipowner Logothetis. Piraeus Bank CEO Christos Megalou is committed to a faster reduction of NPEs.

What are provisions and non-performing loan (NPL) coverage?

o ensure that banks book sufficient provisions, EU law sets a minimum coverage ratio that banks are required to maintain. If a bank has not booked enough provisions to cover its new non-performing loans, it must correct the shortfall by deducting the missing amount from its capital.

25% of the companies say they may have shut down for good

About one in four enterprises (23%) is contemplating the possibility of not reopening after the lockdown is lifted. The rate

National Bank in talks with Castlelake on 52 mln euro Audio Visual loan 

Deloitte is continuing the negotiations with Castlelake, the sole interested buyer, for the sale of a 52 million euro loan issued by National Bank (NBG) to Audio Visual owned by businessman Nikos Vardinogiannis.

Real estate platforms the next battlefield for loan servicers

Loan management companies are fast preparing for more active management of real estate in their possession, by making use of new technologies.

EU speed up the creation of central NPL data hub

The European Commission is aiming to increase market transparency at the granular level, t and discourage big funds that press for lower prices. European DataWarehouse (EDW) announced it has been put forward by the EC as a solution for a European NPL Data Hub.

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