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Commerzbank ups size of German NPL sale
Commerzbank has increased the size of a German non-performing real estate loan portfolio it is bringing to market in the latest disposal from its former Eurohypo business. The bank is set to release the data tape containing loan and asset level data relating to the NPL portfolio to prospective bidders at the end of this week. It is expected to reveal a portfolio with an unpaid balance of between €900m and €1.1bn according to a source close to the bank.
