New rules on sale of NPLs come into play after approval of omnibus bill

EconomyProgramme Tags: Banking, NPLs

The multi-bill approved by Parliament on Sunday evening details, among others, the legal framework for the management and sale of performing or non-performing loans (NPLs).

The new framework excludes from sale until the end of 2017 loans secured by primary residences with an objective (used for tax purposes) property value below 140,000 euros as well as all loans guaranteed by the state.

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