Collection agencies to start selling distressed loans back to banks

Debt collection agencies will start selling back to the banks portfolios of distressed loans that have been put back on a payment schedule.

The first such transaction, by loan recovery fund doValue, involves a portfolio of €100 million in mostly mortgages and is expected to take place late in 2022 or early 2023.

Original Story: Kathimerini | Newsroom 
Photo: Photo by Takis Kolokotronis in FreeImages
Edition: Prime Yield