NPL sales seek to sustain high prices

The intentions of investment funds active in purchasing nonperforming loans portfolios in Greece, having placed some 1.3 billion euros in the market to date, will be tested in 2019, as Alpha Bank, National and Piraeus are planning fresh sales adding up to more than 6 billion euros.

These intentions are not only related to the nature of the portfolios up for sale and whether the loans included are secured against properties, but also to the results secured from managing the portfolios already transferred and whether expectations of the recovery of part of those household and corporate debts are met.

Talks on bringing down nonperforming loans are restricted to the reduction banks will achieve in the context of their commitments to the monitoring authorities; however, the issue is much broader.

While Greek banks' nonperforming exposures had declined by 25.4...

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