Date/Time
Date(s) - Feb 15, 2023
All Day

Categories

• Information Management Network

IMN’s 3rd Annual Investors’ Conference on Greek and Cypriot NPLs: Establishing a Secondary Market, will return to Athens, Greece Feb. 15, 2023. The event will be well timed to address recent developments that include a new political regime in Greece, and the approval of an asset protection scheme that will promote securitization as a major part of the overall NPL reduction strategy. IMN anticipates this event to grow in size and scope as the need for an event that brings together investors and sellers is more urgent than ever.

After two successful gatherings, which attracted more than 300 attendees each, IMN once again looks forward to bringing together the executive teams from the four systemically important Greek banks and the largest Cypriot NPL sellers, as well as major global private equity and ABS investors. Although much progress has been made, Greek NPL volume remains the highest in the Eurozone at 75 billion Euros, or 39.2% of outstanding debt. This event will explore the potential beneficial impacts of the Hercules Asset Protection scheme, the pro-business and structural reforms government, the effect of a strong fiscal surplus and 2+% GDP growth, a potential country ratings upgrade, and strengthening consumer confidence. It will also compare the Cypriot government’s model for NPL resolution, and whether any strategies may also be applied to the Greek portfolio.

Continuing to foster an environment conducive to NPL resolution will require the participation of regulators, servicers, rating agencies and other key participants who together with the bank sellers and investors will facilitate the establishment of a robust secondary market. They will be joined by experts in bankruptcy and insolvency counseling, capital markets advisory, and investment banking teams who are working on creative capital markets solutions for restoring bank balance sheets to health.

Additional details can be found here.