European Union: Non-Performing Loans (NPL) Update

Good progress – but more needed. In a nutshell, that’s the view of the European Central Bank in tackling the level of Non-Performing Loans (NPLs) across the region.

Since the economic crisis, triggered by the collapse of Lehman Bros. in 2008, banks have been saddled with a raft of NPLs. There has been significant pressure from the ECB and World Bank for banks to reduce their NPL burden. To sell a portfolio of NPLs, banks negotiate with potential buyers. Once the deal goes through, the buyer of the NPLs employs a credit-servicing business to realise the value of the loans. The spread between the ask and bid price is the return for the buyer.

(read more at the publisher’s website)

Source: Mondaq/Alfonso Pagano

Comments are closed.

COOKIE POLICY

What are cookies

Cookies are small files that contain certain information about the user's browsing through the web page. Cookies are sent to the user's browser and stored on your computer.

Purpose of cookies

Cookies are used to capture information about the user's browsing, by analyzing it, to find out how the user interacts with www.copernicusservicing.com, and thus optimize the experience of browsing.

Types of cookies The cookies we use are:

- Analysis Cookies (Google analytics): they allow the monitoring and analysis of the user's behavior in order to introduce improvements according to the user's use of the web page and the services. According to Google, Google Analytics is a free web analytics tool that mainly allows website owners to know how users interact with their website. It also enables cookies in the domain of the site where you are and uses a set of cookies called "__ utma " and "__ UTMZ " To collect information anonymously and to produce web site trend reports without identifying individual users. Learn more about Google analytics at:

https://developers.google.com/analytics/devguides/collection/analyticsjs/cookie-usage

-Technical cookies: Allow the user to navigate through the website and use their different options or services.

Disabling cookies

Users can reject the possibility of us using cookies on their terminal computer by configuring their browser, but this will lead to a less satisfying browsing experience that can even be flawed. For more information on deactivating cookies visit:

https://support.mozilla.org/es/kb/Borrar%20cookies

https://support.google.com/chrome/answer/95647?hl=es

http://windows.microsoft.com/es-xl/internet-explorer/delete-manage-cookies#ie=ie-11-win-7

http://support.apple.com/kb/ht1677?viewlocale=es_ES