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MarketScreener Homepage  >  Equities  >  Athens Stock Exchange  >  Attica Bank S.A.    TATT   GRS001003029

ATTICA BANK S.A.

(TATT)
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Attica Bank S A : Announcement, 16.09.2020

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09/16/2020 | 02:20pm EDT

Announcement, 16.09.2020

Attica Bank S.A. informs its investors that the restructuring of the Bonds of the Artemis Project was completed today, in accordance with the new supervisory framework and furthermore, the increase of the cash receipts received by the Bank, the improvement of the bonds and the management efficiency optimization.

In particular, with this new structure the Senior Note amounts to a nominal value of € 487 million, a Mezzanine position of a nominal value of €38 million is created, a new position A2 of a nominal value of €61 million is created and the nominal value of the Junior Note amounts to € 806 million. The impact of this transaction on the financial position and the financial results of the Bank will be reflected in the interim condensed Financial Statements of September 30, 2020.

It is noted that within the framework of the Artemis Project, Attica Bank has implemented the first securitization of non-performing loan portfolio, and transferred to an investor, one of the bonds (Junior Note) that resulted from this securitization. The management of this portfolio has been assigned to the company under the L. 4354/2015 and under the name "THEA ARTEMIS

  • LOANS AND CREDIT CLAIM MANAGEMENT SOCIETE ANONYME", in which the Bank holds a percentage of 20% of its share capital.

Upon the successful completion of this beneficial transaction for the bond holders, the Bank and its shareholders, Attica Bank managed to shield further its first non-performing securitization of its exposures.

ATTICA BANK S.A.

This translation is unofficial and is intended solely, on a non-reliability basis and as a convenience, to the non-Greek- reading public. For any questions related to the accuracy of the information contained in the translation, please refer to the Greek version of the document which is the official and prevailing version. Attica Bank S.A. shall not be responsible, in any manner, for direct, indirect, special or consequential losses or any other kind of damages howsoever arising out of the use of this translation.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Attica Bank SA published this content on 16 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2020 17:19:07 UTC


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Financials
Sales 2020 80,7 M 94,4 M 94,4 M
Net income 2020 0,05 M 0,06 M 0,06 M
Net Debt 2020 - - -
P/E ratio 2020 1 302x
Yield 2020 -
Capitalization 60,1 M 70,0 M 70,2 M
Capi. / Sales 2020 0,74x
Capi. / Sales 2021 0,54x
Nbr of Employees 770
Free-Float 13,2%
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Managers
NameTitle
Theodoros Nikolaou Pantalakis Chief Executive Officer & Executive Director
Konstantinos Sotiris Mitropoulos Chairman
Nikolaos Koutsogiannis Chief Financial Officer
Dimitrios Georgiou Tzanninis Independent Non-Executive Director
Ioannis Emmanouil Tsakirakis Co-Deputy Chief Executive Officer & Director
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