A study by Deloitte found that of the more than 450 billion euros of loans sold in Europe between 2014 and 2019, roughly half were bought by Cerberus, Blackstone, Lone Star, and Goldman Sachs.

The EU Commission in the seventh Enhanced Surveillance Report for the Greek economy underlies that low profitability coupled with the cost of upcoming securitizations may pose challenges for the banks’ capital position in the near future

Greek banks Greek banks will undertake the reduction of NPEs by about 30 billion euros for next year . Given that the recovery rate of sour loans is now very low, and regardless of whether and when Stournaras’ bad bank gets off the ground, the above leads to the conclusion that the reduction of bad loans in the year coming up will pass through the secondary market.