Jan 7, 2016
According to a recent Wall Street Journal article, European financial institutions and asset management agencies greatly picked up the pace of sales of distressed assets last year. Deals grew in size, as financial institutions accelerated the deleveraging process and American buyers continue to dominate the field acquiring 77% of all the assets up from 67% the previous year. 2016 is gearing up to be another big year in NPL sales as southern and eastern Europe play a more crucial role in 2016. Joining the broadcast to discuss the European NPL market is Nil Wadehra. Nil is the Investment Development & Production Manager at DDC Financial Group. DDC Financial Group acts as a link between sellers and investors expanding the almost non-existent secondary market in many of the countries that hold a large portion of the existing NPL portfolios.