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Landmark sale kicks off Greek NPL market

The country’s first major property-backed portfolio sold by a domestic bank met with strong demand.

Bain Capital buys €1.5bn of Greek NPLs

The sale by Piraeus Bank is the first major property-backed deal in the country amid pressure from the ECB to bring loan portfolios to the market.

The benefits of NPL securitisation

Italian non-performing loan portfolios have been sliced up and sold into the asset-backed securities market.

Non-core loans: Spain shines

The Spanish non-core loan sales market dominated European activity in 2017, although volumes were concentrated in mega-deals.

Non-core loans: Greek banks bearing gifts

Under pressure from the ECB, Greece’s largest lenders are finally bringing loan portfolios to the market.

Non-core loans: Still a long way to go …

Loan portfolio sales activity spiked in 2017 but Europe’s non-core real estate debt pile is still huge.

There is opportunity still in the NPL market

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.

Market faces bad (and good) debt wave

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.

Evercore: more than €500m of non-core European property debt remains

Further deleveraging is expected this year, with €35bn of live sales, although Southern European banks still have huge legacy debt piles.

EU to encourage secondary market for NPLs

Europe-wide secondary market is seen as a key part of helping banks deal with their NPL woes.
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