Greek banks pessimistic on NPL sales

摘要

Greek banks are growing increasingly pessimistic about the prospects for selling large chunks of their €110bn stockpile of bad loans following a series of lacklustre bids from international investors. With sales likely to disappoint, banks are now refocusing efforts on "curing" bad loans in-house, and have set up new divisions with hundreds of people tasked with the arduous process of agreeing work-outs with many thousands of individual debtors.