April 15, 2021
A significant wave of pandemic loan defaults will appear as moratoria and other measures are relaxed late in 2021 and into mid-2022. The ECB has forecasted NPL stocks could rise to a worst-case scenario of €1.4tn, this representing an enormous challenge for the Banks and a significant opportunity for Investors, Servicers, Advisors and Technology companies.
FFN Founder and CEO, Bliss Morris, took part in the opening of the conference in the event’s first panel, Pandemic NPLs: Damage Done and Next Steps. Bliss Morris founded First Financial Network and has driven its strategy, growth and development since 1989. Her commentary has been featured on CNBC, Bloomberg, GlobeSt. and Reuters. In 2010 Bliss was honored as Oklahoma’s Top CEO by The Journal Record and she is a 2016 Housing Wire Woman of Influence.
CLICK HERE to watch the event featuring Bliss Morris.
FFN President, John Morris, served as moderator for the 10th block of the conference, NPL Technology and Innovation. Mr. Morris is directly involved in the firm's long-term positioning strategies with an emphasis on opportunities in the international markets.
CLICK HERE to watch the event featuring John Morris.
FFN was originally approached by the United States Department of Treasury in 2015 to advise regarding the banking crisis in Ukraine and to provide its expertise in marketing and selling NPL portfolios, with the ultimate goal of bolstering the country’s economy through international investments. The company also has extensive experience selling NPL portfolios in the United States, Canada, Spain, and other economically challenged nations around the world.
For more information about the NPL Europe 2021 conference, visit www.smithnovak.com