the insider’s guide

National Bank applied for HERCULES

Given that the nominal value of the mezzanine tranche in the Frotiner project stands at EUR 450 million , the maximum loss suffered by the bank cannot exceed that amount.

Auctions will partially restart after March 15

Forced home auctions and enforcement procedures against borrowers in default will remain suspended until at least March 15, after which a partial restart will begin for those that have not been proven to be affected by the pandemic crisis.

Cepal capital injection by Alpha Bank closes Galaxy deal with Davidson Kempner

The completion of Cepal's capital boost by Alpha Bank, by covering a 150 million euro share capital hike on the lender's former subsidiary through a direct loan, essentially completes the transfer of one of the largest securitization projects in Europe.

Th. Pelagidis: ECB May Be In Liquidity Trap

The rapid delivery of EU Covid emergency funds was more important than ever, Pelagidis said, warning that financial conditions could worsen further due to cliff effects following the expiration of pandemic loan moratoria and state support measures.

Ηow EBA will treat loans moratoria in stress tests

Banks shall assess whether borrowers will be able to fully repay the respective loans with a payment schedule that foresees due amounts from 1 January 2021 onwards.

How the Hercules II guarantees will be distributed to banks

Finance Ministry has agreed with official sector creditors to activate the Hercules II program, with the ministry's legal services now preparing the relevant legislation that is expected to be tabled in parliament in March in order to come into effect May 1.

EBA demands more loan provisions in the stress test due to moratorium

Τhe methodology of stress tests European Banking Authority announced on Friday assumes that moratoria expire on 31 December 2020. Banks shall assess whether borrowers will be able to fully repay the respective loans with a payment schedule that foresees due amounts from 1 January 2021 onwards.

Enria supports the set-up of asset management companies at a national level

The head of the Single Supervisory Mechanism (SSM), Andrea Enria, appeared less pessimistic about the volume of bad debt to emerge from the pandemic.

CVC Capital: Bad debt in catering causing a headache

Due diligence of CVC Capital οn Vivartia is going well. However, in the catering sector, questions are being raised as to whether a significant volume of corporate loans could be serviced.

Moody’s: Rise in NPLs will constrain Greek bank’s efforts to improve asset quality

Higher NPEs will  place an additional strain on Greek banks’ plans to reduce their high stock of such exposures, which totaled around €58.7 billion.

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