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Focus of banking sector commitments shift to NPL reduction, debt restructuring framework
EconomyProgrammeimpact on banks’ liquidity and macroeconomic stability. A secondary NPL market is regarded as being... 22 billion euros in the NPL reduction effort. The sMoU builds on the already established process
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BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingthe transaction on October 1, 2019. The end result will be the largest NPL management company... Europe, Eurobank’s licensed NPL servicer, Financial Planning Services S.A (FPS). The bank currently owns
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Piraeus sets ambitious NPL targets with Intrum deal as banks prepare securitisations
EconomyBankingstock on its balance sheets with the total currently standing at 26.1 billion. NPL stock stood... in the first half of next year. Another two NPL securitisations are in the works with a value of 1
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PM makes limited, cautious changes to cabinet after election disappointment
PoliticsGreek Politicsand Stavros Papastavrou had to resign as Deputy Minister to the PM and Minister of State... at ministerial level in five departments: Development, Migration, Interior, Labour and Agricultural... as Interior Minister. Kostas Tsiaras, once a justice minister under Mitsotakis, becomes the new
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Progress in bailout talks but foreclosures and NPL management stand in way of agreement
EconomyProgrammeon the NPL sale process. Greek authorities and the quadriga have reportedly reached an agreement
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Eurobank’s NPL sales take major step with two transactions
EconomyBankinglicensed NPL servicer, Financial Planning Services S.A (FPS). The bank currently owns FPS fully
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Eurobank first to tackle NPL reduction via APS
EconomyBankingNPL servicer, Financial Planning Services S.A and management of all of the bank’s NPEs. Both entities
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Reactions to reshuffle continue as government seeks fast track prosecution of former minister
PoliticsGreek Politics. On Monday, Deputy Energy Minister Nikos Tsafos came under fire from opposition parties over... to show understanding for some of Turkey’s claims in the Aegean make Tsafos unsuitable to hold such a sensitive post. Tsafos, who had previously served as Mitsotakis’s advisor on energy, was forced
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Newsletter 213 -07/01/2019
that as prime minister Mitsotakis would seek to use part of these funds to back an NPL-reduction plan...) at the end of March this year, the reduction was achieved mostly by write-offs and not active NPL... was achieved mostly by write-offs and not active NPL management. BoG also raises a concern over
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Newsletter 67 - 18/03/2016
on the full liberalisation of the non-performing loan (NPL) market. In contrast, the government has proposed SME and self-employed loans below a certain limit be exempted from NPL sales, while also... offset an increase in operating costs. On the asset quality front, the non-performing loan (NPL
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