the insider’s guide

Νational Bank received four non-binding bids for EUR6.1bn Frontier NPE securitization

National Bank of Greece,  finally received at least four non-binding bids about its upcoming Frontier securitization of EUR6.1bn NPEs, according...

The pivotal role of Italy’s Cerved in the architecture of Frontier project

Italian debt management group Cerved has been credited with designing National Bank’s (NBG) Frontier Project, a bad loan portfolio sale...

NPEs fall to 25% but 35 bln euros of bad debt still held by banks

The Government is said to apply to European Commission for the extension of the Asset Protection Scheme, known as Hercules...

Asset Management Companies have securitized 32,1bn.euros NPLs between 2018-20

Asset Management Companies (AMCs)  are adequate tools to deal with NPLs, but their efficiency varies between simpler tasks (e.g., disposal)...

Angelopoulos protests bank move to put company in special manaagement

The Angelopoulos family has reacted strongly to a move by National Bank (NBG) to put Halyvourgiki under a special management...

Piraeus Bank eyes two new NPE securitizations over EUR10bn

Piraeus Bank  considers two new NPE securitizations totaling over EUR10bn in 2021-22, NPL Confidential had reported on February 4th that...

Auctions frozen only in Greece and Hungary

President of doValue Greece, Theodore Kalantonis, stated his opposition to the adoption of across-the-board measures for auctions and enforcement measures....

Piraeus and Intrum sign a binding agreement for the Vega NPE portfolio

The implied valuation of the Vega portfolio based on the anticipated fair value of the senior notes and the sale...

Apartment prices increased by 4.2% in 2020

According to data collected from banks,  nominal apartment prices are estimated to have increased on average by 2.6% year-on-year in...

DBRS Morningstar: Hercules Helps Greek Banks Lower their NPE Stock, But Not a ‘Job Done’ Yet

DBRS Morningstar has released a commentary discussing the significant reduction in the non-performing exposure (NPE) stock of the four systemic...

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