Compromise emerges on liberalisation of NPL market

EconomyProgramme Tags: Banking, NPLs
Photo by Harry van Versendaal
Photo by Harry van Versendaal

Beyond the convergence between Greece and its lenders on the basic package of austerity measures worth 3 percent of GDP, the government and the institutions appear to have clinched an agreement on the sale of non-performing loan (NPLs).

A moratorium has reportedly been agreed on the sale of primary-residence backed NPLs across all lending categories until the end of 2017 under certain criteria based around the value of the property and owners’ incomes. For housing NPLs, the threshold u...

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