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Prices of poor performing loan packages down to 10%

Publicat la 02.07.2009, 23:16:32

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Prices of poor performing loan packages down to 10%
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More than 95 percent of receivables sold by banks are loans without collaterals granted to individuals, and sellers are mostly top 10 lenders in terms of assets. Until last fall, banks were engaged in a fierce battle for market share, granting loans of up to €50,000 without collateral. “Last year, everyone wanted to buy. All were desperate, and buyers were competing on prices.

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