Day: February 26, 2021

First sale of NPLs package by a bank in Cyprus in 2017, others followed

The collapse of the Mediterranean island’s banking system back in 2013 led to the first ever sale of a non- performing loans package by a lender in 2017. The first such ‘trial’ project took place in 2017 with the Bank of Cyprus selling a NPLs package to CDB Bank.  The baton was taken over by Hellenic …

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