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Under pressure from the ECB, Greece’s largest lenders are finally bringing loan portfolios to the market.
Loan portfolio sales activity spiked in 2017 but Europe’s non-core real estate debt
pile is still huge.
European regulators deserve credit for pressuring banks to deal with toxic loans, but the weight of capital chasing distressed property debt is also driving activity.
Just as Europe’s lenders are under increasing pressure to deal with non-performing loans, so, too, will they be encouraged to divest performing debt, argues DebtX's Gifford West.
Further deleveraging is expected this year, with €35bn of live sales, although Southern European banks still have huge legacy debt piles.
Europe-wide secondary market is seen as a key part of helping banks deal with their NPL woes.
The winners revealed in our advisor and loan portfolio buyer and seller categories.
The results of Real Estate Capital's annual awards can now be revealed.
A row has broken out over attempts by a state-owned bank to sell a large portfolio of mortgage loans to 'vulture funds'.
UK-based development finance provider Maslow Capital has acquired a £100 million (€112.7 million) performing loan portfolio, representing the firm’s first participation in the secondary debt market.