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National Bank of Greece S.A. Message Board

  • dancewmelove dancewmelove Jan 12, 2014 8:16 PM Flag

    some news

    What look for "predators» funds Oaktree Capital and Brevan Howard;
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    H landing of the American fund-giant Oaktree Capital Management, which manages a total of $ 80 billion in Greek banking market is a fact and confirms both the opening of the sales process problem loans from Greek banks and the quality of capital that hovers on Greece.

    Banking sources said that the timing of the appearance of Oaktree Capital in the Greek banking is not random, as after recapitalization banks have regained their access to cheaper capital of the ECB and on better terms. So now have the capital and liquidity to withstand selling loans to a fraction of their face value, eg 20 minutes per euro and foreign Greeks who specialize in these investments.



    It changed hands so but the Greek debt business and with it the business map, since the funds will attempt to make a profit or restructuring companies (which means layoffs) or spontas in the pieces that would sell in a second stage. It is basically the vulture funds in the real economy and the know-how is such that it is small room for maneuver of "gaming" borrowers can be found to them, said market sources.



    The issue is top priority and main shareholder of Greek banks, the FSF and the troika and these sides has even timers. "Without clearing portfolios can not start the process of recovery of Greek banks' bank note stressing that circles the same time opens and funds management of liquidity can now acquire the Greek banks by the ECB. Ie what companies will be funded, which will re-financed and what would "pull the plug".



    The Oaktree Capital Management as well as other funds to buy devalued debts will make the next time contact number for the order and appointment with the management of large Greek epicheiriseon.Stegastika but mainly business loans are demand after the harsh recession of Greek economy has led companies and properties with very good features from the brink. And the acquisition of the assets of the banks will clear the whole table to redealt so the deck in the new economic and business environment rises.



    On this front, therefore expected to manifest public interest of foreign investors and so-called distressed asset funds which have checkered map of portfolios of Greek banks.

    Recall that in mid-June 2013 in the second Investor Forum organized by Eurobank and organization whose key role played by the then deputy chief executive Nicholas Ballis, downloads all the enfant gâté of funds specializing in distressed asset investing. A total 23 international investment houses that manage total assets of over $ 3.5 trillion.



    Among these sovereign wealth funds (known sovereign funds) from the Middle East, large investment fund management firms, private equity funds and, of course, Hedge Funds. Ξεχωρίζουνμεταξύτουςηκοινοπραξίατων Société Générale and Crédit Agricole, Amundi Asset Management, the BNP Investment Partners, the BlackRock Investement Management, the Morgan Stanley Investment Management, the Schroder Investment Management, the Pioneer Investments, the Oaktree Capital andthe Brevan Howard Asset Management. latter two houses are among the more aggressive internationally in areas such as market devalued debt.



    Features mentioned that Oaktree Capital Management has taken control of the listed in Wall, General Maritime Peter Georgiopoulos and interests among the creditors also listed Excel Maritime interests Villy Panagiotidi and Eagle Bulk Shipping Sophocles Zoula. He has also created a joint venture with Oceanbulk Maritime Peter Pappas capital of approximately $ 200 million with the aim of acquiring fleet and last year acquired 10% of the loan portfolio in shipping British bank Lloyds, which corresponds to a nominal value of loans of around 750 million dollars by paying less than half of their value.



    Reportedly Greek banking circles, the interest of foreign investors focused on mergers movements and strategy of Greek banks on the sale of assets as their subsidiaries and loans. In planning the course, including developments in the course of privatization. Everything, then converge in that the green light for the entry of foreign funds in the capital Greek companies or by their shares either for their obligations given.

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    What look for "predators» funds Oaktree Capital and Brevan Howard;
    Details Printing Email
    H landing of the American fund-giant Oaktree Capital Management, which manages a total of $ 80 billion in Greek banking market is a fact and confirms both the opening of the sales process problem loans from Greek banks and the quality of capital that hovers on Greece.

    Banking sources said that the timing of the appearance of Oaktree Capital in the Greek banking is not random, as after recapitalization banks have regained their access to cheaper capital of the ECB and on better terms. So now have the capital and liquidity to withstand selling loans to a fraction of their face value, eg 20 minutes per euro and foreign Greeks who specialize in these investments.



    It changed hands so but the Greek debt business and with it the business map, since the funds will attempt to make a profit or restructuring companies (which means layoffs) or spontas in the pieces that would sell in a second stage. It is basically the vulture funds in the real economy and the know-how is such that it is small room for maneuver of "gaming" borrowers can be found to them, said market sources.



    The issue is top priority and main shareholder of Greek banks, the FSF and the troika and these sides has even timers. "Without clearing portfolios can not start the process of recovery of Greek banks' bank note stressing that circles the same time opens and funds management of liquidity can now acquire the Greek banks by the ECB. Ie what companies will be funded, which will re-financed and what would "pull the plug".



    The Oaktree Capital Management as well as other funds to buy devalued debts will make the next time contact number for the order and appointment with the management of large Greek epicheiriseon.Stegastika but mainly business loans are demand after the harsh recession of Greek economy has led companies and properties with very good features from the brink. And the acquisition of the assets of the banks will clear the whole table to redealt so the deck in the new economic and business environment rises.



    On this front, therefore expected to manifest public interest of foreign investors and so-called distressed asset funds which have checkered map of portfolios of Greek banks.

    Recall that in mid-June 2013 in the second Investor Forum organized by Eurobank and organization whose key role played by the then deputy chief executive Nicholas Ballis, downloads all the enfant gâté of funds specializing in distressed asset investing. A total 23 international investment houses that manage total assets of over $ 3.5 trillion.



    Among these sovereign wealth funds (known sovereign funds) from the Middle East, large investment fund management firms, private equity funds and, of course, Hedge Funds. Ξεχωρίζουνμεταξύτουςηκοινοπραξίατων Société Générale and Crédit Agricole, Amundi Asset Management, the BNP Investment Partners, the BlackRock Investement Management, the Morgan Stanley Investment Management, the Schroder Investment Management, the Pioneer Investments, the Oaktree Capital andthe Brevan Howard Asset Management. latter two houses are among the more aggressive internationally in areas such as market devalued debt.



    Features mentioned that Oaktree Capital Management has taken control of the listed in Wall, General Maritime Peter Georgiopoulos and interests among the creditors also listed Excel Maritime interests Villy Panagiotidi and Eagle Bulk Shipping Sophocles Zoula. He has also created a joint venture with Oceanbulk Maritime Peter Pappas capital of approximately $ 200 million with the aim of acquiring fleet and last year acquired 10% of the loan portfolio in shipping British bank Lloyds, which corresponds to a nominal value of loans of around 750 million dollars by paying less than half of their value.



    Reportedly Greek banking circles, the interest of foreign investors focused on mergers movements and strategy of Greek banks on the sale of assets as their subsidiaries and loans. In planning the course, including developments in the course of privatization. Everything, then converge in that the green light for the entry of foreign funds in the capital Greek companies or by their shares either for their obligations given.

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