Improving record in loan repayment in May

Loan managers are reporting an improvement in repayments in May, after the debt servicing delays recorded in the second half of March and the whole month of April. The restoration of payment flows signals a gradual return to normality, said Anastasios Panoussis, chief executive officer at Eurobank FPS and head of the Association of Loan Managers, at SmithNovak's European conference.

The portfolios that have suffered most during the coronavirus crisis are those with loans without collateral, mainly consumer and corporate loans, while there was a better picture among mortgages and guaranteed business loans. This, according to Panoussis, "offers a positive message for the securitizations that have been made or are being planned."

The head of Greece's biggest loan manager added that "an extra problem as regards the legal aspect of activities, which was already burdened...