Wolf Theiss

Regulatory Push to Unlock NPL Sales in Bulgaria

Following the recent regulatory improvements, a potential acceleration of the Non-Performing Loans (NPLs) transactions in Bulgaria is in the spotlight for the market participants. One of the first steps in executing of the reforms, pushed by the Bulgarian National Bank, was the initiation of the Asset Quality Review (AQR) of the Bulgarian banking institutions (22 out of 28 banks operating on the local market).

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Given similar regulatory developments, the banks in CEE & SEE have begun actively to deleverage their NPLs, in some cases with government support. We anticipate the banks in Bulgaria taking proactive measures for the disposal and sale of NPLs, either in anticipation or as a result of the AQR review. We have seen the first results in terms of large scale portfolios being brought to the market.

For further information please contact

Richard
Clegg
Partner
Bulgaria
Katerina
Kraeva
Partner
Bulgaria

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