As part of its Transformation Program, the National Bank of Greece SA has started the process of securitization of a portfolio of non-performing loans codenamed “Frontier II”, with a total book value of 1 billion euros. The National Bank submitted today, June 29, 2022, an application for the inclusion of securitization in the Guarantee Program […]
Tag: red loans (NPLs)
Strict warnings about bank profitability – red loans from the IMF
By Leonidas Stergiou As Greek banks consolidate, a sustainable increase in their profitability remains key to further enhancing their resilience. According to an IMF report, two main sources of profitability, namely net interest income and commission income, appear to be highly dependent on the macroeconomic environment. The IMF notes that while profitability is expected to […]
M. Vergi (Intrum): Sustainable financing is key to loan restructuring
Ms. Maria Vergi, General Manager, Commercial Restructuring Solutions of Intrum, spoke at a series of opportunities given to businesses in terms of their financing, so that sustainable businesses have a next day and are competitive, speaking at the Risk Management & Compliance conference. “In the first sectoral portfolio that we have launched in the secondary […]
DBRS: The ‘Hercules’ program must be extended again beyond October 2022
Of Eleftheria Kourtali Given the challenges posed by price increases and the Russian invasion of Ukraine, according to DBRS, it is premature to abolish an effective tool like “Hercules” when it is scheduled to expire in October 2022. At the same time, as he points out, as the responsibility of managing the NPLs has been […]
The big clearing of loans
By Leonidas Stergiou A long wait of more than 10 years, finally, seems to have come out, after several legislative interventions, with the most important, perhaps, the most recent one of the Ministry of Justice to improve the distribution of cases in the courts. This is the well-known “Katselis law”, to which more than 50,000 […]
Al. Face (Intrum): Today red loans are easier to deal with
By Leonidas Stergiou “There are now tools, know-how and European resources available to enable loan managers, borrowers and businesses to come up with sustainable solutions,” said Alexandra Fatsea, General Manager, Retail, SB & Agri Recovery of Intrum Hellas, at the DDC International Conference. NPL Management Greece 2022. Debt managers’ know-how and the tools provided by […]
Why alarm for new red loans
By Leonidas Stergiou The Deputy Governor of the Bank of Greece, Mrs. Christina Papakonstantinou, raised the issue of the risk of creating new red loans less than a week after the publication of the Financial Stability Report. As she said in a speech last week, there are signs of an increase in red loans and […]
Explosion in small business loans
By Leonidas Stergiou Loans to small and micro-enterprises are currently exceeding 600 million euros, according to bank estimates, which consider how May will close and how June will evolve in order to proceed with any adjustments to the targets. The key to increasing loans to smaller companies, but also the almost zero creation of red […]
Why does the Bank of Greece see new red loans
By Leonidas Stergiou The Bank of Greece rang the bell again yesterday for indications of the creation of new red loans and increase of the regulations, noting that this fact does not allow for complacency and the central bank is closely following the developments. The new warning came yesterday from the Deputy Governor of the […]
The final report on the exit from the Enhanced Supervision – The remarks
By Tasos Dasopoulos It is now a matter of days before the Commission’s report proposes the payment of a single installment of bond profits after 14the post-memorandum evaluation and – most importantly – the expiration of the enhanced surveillance regime for Greece on 21 August. With the approval of the report by the Eurogroup in […]
