the insider’s guide

doValue, Intrum, Davidson Kempner and Bain Capital in race for Frontier project

All the "big" players of Greece's domestic NPL market are at the starting point in the race for National Bank's (NBG) Frontier project in a bid to further increase their managed portfolios.

Ιrish bad bank transfers €1bn profit to Government

Bad banks (Asset Management Companies), under certain conditions, can be profitable for Public Finance. The Irissh  Nama announced early this week that it plans to hand over an additional €1 billion of surplus cash to the Government this year, as it expects to report a 10th consecutive annual profit for 2020.

Banks and loan servicers wait for gov’t decision on bad bank

Lenders are leaning more towards the creation of a bad bank after the relevant updates from the BoG, however, officials are waiting for the government to take a position on the issue.

The SSM wants banks to tackle NPLs ahead of bad bank solutions

Andrea Enria, the head of the SSM noticed that they will put pressure to banks to tackle NPLs . "We wouldn’t use the carrot in this case – we would rather use the stick," he said.

Some 40,000 borrowers may be locked out of Katseli law

Some 40,000 borrowers are at risk of missing out on the beneficial provisions provided by the Katselis law if they do not update their data within 15 days.

PwC tasked with out-of-court platform; Decision to slap cost on banks, loan servicers draws complaints

For the government, the implementation of the new bankruptcy law by March 1 for businesses and June 1, 2021, for individuals is the big bet that will shape the outcome of the next post-memorandum evaluation of the country.

Intrum: Household debt has been aggravated by the pandemic in southern Europe

Differences in financial health increase among consumers across Europe, amidst the second wave of the pandemic, according to Intrum’s Financial Wellbeing Barometer.

Will 2021 be an auction year? Kipriotis hotels mark the start in March

  Regardless of decisions that will be taken - due to the pandemic - on property auctions amidst opposing approaches but also strong pressure from loan servicers, it is certain that 2021 will be characterized as an "auction year".

Nomura, Goldman Sachs and JP Morgan to open offices in Athens

Talks between Alex Patelis, the Prime Minister's main economic adviser, and the heads of three foreign investment banks in September appear to be bearing fruit, as part of a push by Greece to convince them to open branches in Athens after Brexit.

Non-binding offers for Frontier project to be submitted early Feb.

The non-binding bids are expected to be submitted to the bank's management in the first week of February, while the VDR will open by the end of the same month for investors who pass to the second phase of the tender. 

Ethos Media S.A. - Lysikratous 64, 17674 Kallithea, Athens, Greece
nplconfidential.com - nplconfidential@ethosmedia.eu

We sent out this message to all existing customers.
If you want more information about our privacy policy, please visit terms page.

If you no longer wish to receive these emails, simply click on the following link Unsubscribe.

©2020 Ethos Media S.A. All rights reserved