the insider’s guide

Stournaras: Prolonged NPL restructuring process is a threat to the economy

Euro area banks increased loan loss provisions significantly during the first half of 2020, amounting to 0.76% of loans on an annualised basis. However, this figure is likely to fall short.

Piraeus received three binding bids for POS sale

Piraeus Bank received three binding bids for cards business. according to a bank source. Pursuant to its already announced internal capital generation plan, Piraeus Bank received binding bids for its cards merchant acquiring business.

Cyrprus plans to create a “bad bank”

Cypriot Government plans to set a bad bank to relieve local banks from NPLs according to Finance Minister Constantinos Petrides.

Piraeus Bank to apply for Vega project in Hercules next week

  By the end of next week, Piraeus Bank is expected to submit a request to include the 5 billion euros Vega project into the APS -Hercules program.

Sale of 15 real estate assets by Ektasis Development pose crash test for market

The sale of 15 real estate asset by Ektasis Development, which is being conducted this week is deemed as "a crash test" for the real estate market.

EBRD and Intrum acquired NPL portfoliio IRIS from Piraeus Bank

The European Bank for Reconstruction and Development (EBRD) and Intrum Holding AB announced today that are jointly investing in an unsecured non-performing exposure (NPE) portfolio originated by Piraeus Bank.

Greek banks mulling a plan to avoid losses from new securitizations

Greek banks are mulling a plan to avoid losses from the upcoming NPL securitization round, without resorting to a new hive -down process.

Bid deadline for Frontier project extended due to strong interest

Strong investor interest prompted the lender to push back the deadline until the end of the month.

Tensions rise between banks, govt over auctions

Circumvention of the rules will affect banks' efforts to get rid of non-performing loans and will worsen the pricing of non-performing loans, a deterioration that will weigh on bank balance sheets

Aegean, the govt and the warrants

Aegean's stock valuation is posing a problem to the state's attempts to secure the return of funds it will allocate to support the company.

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