Intrum Hellas is moving forward with the basic scenario planned at the beginning of the year, which is optimistic about the future, but at the same time is prepared for the unfavorable scenario to meet the challenges of red loans even in the current geopolitical and economic situation. This was stated by Alexandra Fatsea, General […]
Tag: red loans (NPLs)
Bank of Greece warns of new red loan flows
Despite the progress that Greek banks have made in reducing red loans, complacency is not allowed as from the first indications it seems that we have new flows of non-performing loans and an increase in regulated loans. This warning was addressed by the Deputy Governor of the Bank of Greece Christina Papakonstantinou speaking today at […]
BoG: The risks to the economy, businesses, households
By Leonidas Stergiou The Bank of Greece is ringing the bell for an increase in borrowing costs due to rising interest rates and a reduction in disposable income, in the Financial Stability Report. According to the BoG, the energy crisis, combined with the war in Ukraine, increases the risks to the Greek economy, businesses, households […]
Red again, one in three loans settled 18 months ago
By Leonidas Stergiou Loans that have been regulated in the last year and a half, due to a reduction in disposable income, are showing a significant deterioration. The deterioration was felt in the first quarter of 2022, according to executives of loan management companies. The so-called re-default rate, which shows the percentage of loans that […]
The European award ‘NPL Deal of the Year’ at the National Bank
By Leonidas Stergiou The Frontier project won first place at the European Securitization Awards 2021, as announced at the Global Capital Awards dinner in London, in the presence of 300 distinguished executives from the European market. Because with the securitization of Frontier, a drastic reduction of non-performing loans was achieved, which, in contrast to most […]
New strong vote of confidence from Moody’s in Greek banks
Of Eleftheria Kourtali The prospects of the European banking system are shaped by the Russia-Ukraine crisis, as Moody’s notes in a new report where it examines and re-evaluates the banking sectors of the countries in the region, distinguishing that of Greece. As the house points out, the outlook for most European banking systems is stable, […]
Banks are looking for sustainable investment plans for financing
By Leonidas Stergiou Banks have both liquidity and capital to lend. On the other hand, the demand for bank financing appears to be declining, but the needs of businesses and households are increasing. Banks have reduced red loans, but these, as a reserve, remain in the economy, limiting the possibilities for new lending. The Greek […]
SSM recommendations for additional shielding of banks
By Leonidas Stergiou The letter of the Head of the European Supervisory Mechanism (SSM) of the ECB, Mr. Andrea Enria, which was sent from Frankfurt on March 28, arrived at the offices of the CEOs of the European systemic banks – and the four Greek ones. In the 21-page letter, Mr. Enria calls on systemic […]
Red loans: The extrajudicial mechanism is unblocked
By Leonidas Stergiou Together with the 13th evaluation of the Greek economy by the institutions, the 6th progress report of the new bankruptcy that started last June was completed. While it started with thousands of applications pending, without any regulation proceeding until November, technical and informational interventions unblocked the system. In fact, according to information, […]
Warnings and fears for new red loans
By Leonidas Stergiou The war in Ukraine has once again brought to the table the risk of creating new red loans and bankruptcies, as had happened with the pandemic, admitted the Vice President of the European Central Bank (ECB), Luis de Guindos, noting that today things are a little different. On the one hand, the […]
