Non-Performing Loans

Poland introduces new restructuring procedure in wake of pandemic; state aid package most generous in region
A new type of court restructuring proceeding has been introduced in Poland as part of the COVID-19 crisis legislation: simplified restructuring proceedings available until June 2021, allowing the debtor to individually initiate the proceedings, said Karol Czepukojc and Pawel Dlugoborski, two counsels co-heading Baker McKenzie’s restructuring and insolvency practice in Poland.
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Government action key to tackling coronavirus NPLs and investor opportunities
Governments and regulators need to be investors' “best friend” as they face a new wave of non-performing loans, said panellists involved in NPLs in Europe, China, and globally on a webinar, The New Rise of NPLs - Strategies and Investment Opportunities in the Market, aired live yesterday (14 October) during Debtwire Week.
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NPLs rise for first time in years due to COVID-19 - Debtwire European NPLs 3Q20 Report
The COVID-19 crisis has hit the European NPL market. The first three quarters of 2020 have been the least active since 2015, with only EUR 39.2bn of deals completed across Europe, according to the new Debtwire European NPLs 3Q20 report presented at Debtwire Week.
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IDO’s USD 500m debt to be split into two on OpCo and MidCo levels
The USD 500m debt of Istanbul Deniz Otobusleri (IDO), a Turkey-based ferry company, will be divided into two as a sustainable and unsustainable loan, which will be reinstated separately on the OpCo and MidCo levels, according to two sources familiar with the situation.
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Government guarantees schemes push NPL disposals, seen as solutions for post-COVID-19 NPL wave
Securitisations of non-performing loans using state guarantee schemes in Italy and Greece have been the main tool European banks have used to dispose of NPLs so far this year, a Debtwire anaylsis shows.
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Largest European banks set aside EUR 21.5bn provisions for NPLs to increase
European banks have been preparing for a new wave of bad loans due the COVID-19 crisis. In the first quarter of 2020, Europe's largest banks set aside more than EUR 21.5bn of provisions to cover losses from bad loans, up 207% from EUR 7bn in the same period in 2019, as they brace for a financial fallout due to the virus.
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Spanish bank NPLs decrease in 1Q20, but surge expected
The volume of non-performing loans of Spain’s six largest banks decreased further during 1Q20, but the banks have still set aside record levels of provisions to cover losses from an expected surge in bad loans due to the coronavirus pandemic.
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COVID-19 halts NPL sales with record-low activity in Q1 — Debtwire European NPLs 1Q20 Report
The COVID-19 outbreak has effectively halted non-performing loan portfolio sales in Europe. With a total volume of loan sales of EUR 3.8bn, according to the new Debtwire European NPLs – 1Q20 report.
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Debtwire NPL Chart of the Week: Household debt has largest share of Europe's NPEs, but NPE ratio for SMEs is stuck at 8.5%
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Decade ends with lowest NPL levels on European bank balance sheets since 2010
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Debtwire NPL Chart of the Week: BNP Paribas, UniCredit and Intesa Sanpaolo have highest NPL volumes in Europe
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NPL Chart of the Week: NPL volumes continue to fall across Europe, but at slower rate
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