Search
-
BoG awaits go-ahead from DG Comp over NPL scheme
EconomyBankingwill be covered by the SPVs issuing three classes of securitisation - senior, mezzanine and junior/equity... Celidoria SARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non... along with the remaining 5 percent of the mezzanine and junior notes. In addition, the bank announced
10% -
NPL resolution in Italy and Greece
Agoraof this risk-prone asset class, the fund can use 30 percent of its equity to buy junior and mezzanine NPL... who least deserve it in Greece, namely strategic loan defaulters. Various estimates point to about... numbers. In Italy, the total non-performing loan exposure of banks reached an estimated 360 billion
10% -
Newsletter 310 - 01/10/2021
PoliticsFull speed ahead for warship, defence deal with FranceGreece believes that it took a significant step this week to upgrading its defence capabilities but also bolstering the country’s geopolitical standing after agreeing to purchase at least thr...
10% -
Athens expands survey area off Crete, signs MoU with Egypt
PoliticsForeign PolicyExclusive Economic Zone. In 2019, before signing its memorandum with Turkey, Libya reacted against...). This was calculated by moving its median line northwards. After the signing of the Turkey-Libya memorandum in 2019, new data was generated and Libya could argue that the entire area south of Crete
10% -
Amid efforts to help banks reduce NPLs, portfolio sales dominate drive to meet 2018 targets
EconomyBankingwill be held by the bank, the mezzanine will be sold to the preferred bidder, while the junior note... properties as collateral with the commercial value estimated at around 2.9 billion. This portfolio
10% -
Eurobank net profits of at 45.1 mln in Q3, NPEs under 40 pct for first time
EconomyBanking. The senior note will be held by the bank, the mezzanine will be sold to the preferred bidder, while... have around 36,000 properties as collateral with the commercial value estimated at around 2.9
10% -
Eurobank net profits at 56.8 mln in Q1
EconomyBankingMezzanine and Junior notes to shareholders in Q3 2020. Accounting for these transactions, the NPE... demand. Total loan portfolio is estimated to increase by 2 billion for the full year,” he said
10% -
Piraeus announces transformation plan amid 2020 loss of 662 mln
EconomyBankingfour transactions, and is contemplating to distribute the majority of the mezzanine and junior notes... estimated reduction of NPEs through securitisions included in the Hercules APS to 19 billion euros after
10% -
Eurobank’s NPL sales take major step with two transactions
EconomyBankingSARL for the sale of 95 percent of mezzanine and junior notes in a portfolio of non-performing... of the mezzanine and junior notes. The implied valuation of the portfolio based on the nominal value of the senior notes and the sale price of the mezzanine notes corresponds to around 58 percent
9% -
Banks end year with continued bad loan sales
EconomyBankingof the mezzanine notes of the Phoenix securitisation, with a total gross book value of 1.92 billion euros... on the nominal value of the senior notes and the sale price of the mezzanine notes corresponds to 50 percent... percent of the mezzanine notes to its shareholders and retain five percent of the instruments
9%