An agreement with the doValue Group was signed by Eurobank Holdings (“Eurobank”) a) for the sale of part of the mezzanine notes bonds and the junior notes of the securitization of a mixed portfolio of non-performing receivables of Eurobank SA (“The Bank”) with a nominal value of € 5.2 billion (€ 3.2 billion book value) (“Mexico” transaction) and (b) for the management of this portfolio by doValue Group.
The transaction is expected to be completed by December 31, 2021 provided that certain conditions are met, including the issuance of the Ministerial Decision on the inclusion of Mexico securitization in the Guarantee Program to securitization of credit institutions of law 4649/2019 (“Hercules Program II ») and the regulatory approval by the Single Supervisory Mechanism (SSM) for the transfer of risk of the underlying loans.
Mexico securitization loans will be reclassified as held for sale in the 3rd quarter of 2021. The completion of the sale of Mexico Bonds and the re-recognition of securitized loans will take place in the 4th quarter of 2021, provided the transaction is completed. and obtaining the relevant regulatory approvals, in the ordinary course of business.
The transaction will not have a significant impact on the total regulatory capital of Eurobank and, after the completion of the transaction, the NPE index is expected to reach 7.3%.
Financial Advisor for Eurobank: Alantra Corporate Portfolio Advisors International Limited.
Legal Advisers for Eurobank: Allen & Overy LLP and Karatza Law Firm & Associates.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Economist: Greece Included in the Best Performing Economies in 2024
Meanwhile, Northern European countries disappoint, with sluggish performances from the United Kingdom and Germany.
EasyJet Expands Its Routes from Athens
The airline’s two new routes will be to London Luton and Alicante and they will commence in summer 2025.
Capital Link Forum Highlights Greece’s Economic Resurgence; Honors BoG Gov Stournaras
Capital Link Hellenic Leadership Award recipient, Bank of Greece Gov. Yannis Stournaras, an ex-FinMin, was lauded for his pivotal role during Greece’s economic recovery
Tourist Spending in Greece Up by 14%, Visa Card Analysis Shows
Greece’s capital Athens emerged as the most popular destination, recording a 17% increase in transactions with Visa cards, surpassing even the cosmopolitan island of Mykonos.
Inflation in Greece Unchanged at 2.4% in Nov. 2024
The general consumer price index (CPI) posted a 0.4% decrease in November compared to the previous month
2024 Christmas Holidays: Extended Shop Hours Schedule
The 2024 Christmas Holidays extended shop hours schedule commences on Thursday, December 12 and runs until the end of the year.
ELSTAT: Seasonally Adjusted Unemployment Down in October
The number of employed individuals reached 4,284,694, an increase of 67,723 compared to October 2023 (+1.6%) and 22,002 compared to September 2024 (+0.5%).
Greek PM’s Chief Economic Adviser Resigns
In the post on his Facebook page, Patelis did not disclose the reasons that led him to step down.
“Masdar Invests in the people of Greece and in the vision of TERNA ENERGY”
Four messages from the CEO of Masdar, the Arab renewable energy giant, after its acquisition of 70% of TERNA ENERGY
Lloyd’s List Greek Shipping Awards 2024: Honors for leading companies and personalities in the Greek shipping sector
20 awards presented at the 21st annual Lloyd's List Greek Shipping Awards
